Technical analysis - Page 268

• Cocoa reversed from support level 2435.00 • Likely to reach resistance level 2660.00 Cocoa recently reversed up from the key support level 2435.00 (which has been reversing the price from the middle of December) – standing near the lower.

• Goldman Sachs rising inside impulse wave (3) • Likely to reach resistance level 310.00 Goldman Sachs continues to rise inside the steadily upward impulse wave (3) which starred earlier from the key support level 270.00, standing near the 38.2%.

• Sugar reversed from resistance level 16.65 • Likely to correct down to 16.00 Sugar under bearish pressure after the price failed to hold the ground above the resistance level 16.65 (which stopped the previous impulse wave (i) in December)..

• GBPNZD reversed from resistance level 1.9165 • Likely to test support level 1.8925 GBPNZD recently reversed down from the pivotal resistance level 1.9165, which has been steadily reversing this currency pair from the start of December. The resistance area.

• USDCAD under bearish pressure • Likely to test support level 1.2600 USDCAD currency pair under bearish pressure after the price broke the support level 1.2710 (low of the daily Bullish Engulfing from the end of January) standing close to.

• AUDUSD broke daily down channel • Likely to reach resistance level 0.7800 AUDUSD recently broke the resistance trendline of the daily down channel from the start of January (which encloses the previous minor ABC correction 2). The breakout of.

• ConocoPhillips reversed from resistance level 47.5 • Likely to fall to support level 42.50 ConocoPhillips recently reversed down from the key resistance level 47.5 (former monthly high from January and the top of the previous correction 2) – standing.

• Copper broke key resistance level 370.00 • Likely to rise to resistance level 390.00 Copper recently broke through the key resistance level 370.00 (which stopped the earlier sharp upward impulse wave 1 at the start of January). The breakout.

• CADCHF reversed from resistance level 0.7050 • Likely to fall to support level 0.6980 CADCHF recently reversed down from the powerful multi-month resistance level 0.7050 –which reversed all upward impulse waves from November – as can be seen below..

• Swiss franc broke daily up channel • Likely to test support level 0.8835 USDCHF continues to fall inside the short-term impulse wave 3 – which started earlier with the daily Bearish Engulfing from the round resistance level 0.9000. The.

• Wheat reversed from resistance level 660.00 • Likely to fall to support level 614.80 Wheat recently reversed down from resistance level 660.00 (which was set as the likely upward target in our previous forecast this instrument). The price is.

• USDJPY reversed from resistance area • Likely to fall to support level 104.00 USDJPY recently reversed down from the resistance area lying between the key resistance level 105.70 (which has been reversing the price from October) and the upper.