Technical analysis - Page 277

• Cocoa broke resistance level 2564.00 • Likely to reach resistance level 2658 Cocoa continues to rise strongly after breaking the resistance level 2564.00 (monthly high from January) – after it broke the daily down channel from December. The breakout.

• USDCHF broke resistance area • Likely to rise to 0.9200 USDCHF recently broke the resistance area located between the resistance level 0.9030 (top of the previous correction (A)) and the 61.8% Fibonacci correction of the previous sharp downward impulse.

• EURJPY reversed from resistance level 130.00 • Likely to reach support level 127.30 EURJPY recently reversed down from the resistance level 130.00 (previous upward target) – intersecting with the resistance trendline of the daily up channel from November. The.

• GBPAUD reversed from support area • Likely to reach resistance level 1.8030 GBPAUD recently reversed up from the support area lying between the pivotal support level 1.773, lower daily Bollinger band and the 50% Fibonacci correction of the previous.

• MasterCard reversed from major resistance area • Likely to fall to support level 350.00 MasterCard recently reversed down from the major resistance area located between the multi-month resistance level 366.30 (which stopped the sharp uptrend in August of 2020).

• EURNZD reversed from multi-year support level 1.6410 • Likely to rise to resistance level 1.6800 EURNZD recently reversed up from the major support area located between the multi-year support level 1.6410 (which has been reversing the price from the.

• EURAUD reversed from support area • Likely to reach resistance level 1.6000 EURAUD recently reversed up from the support area lying between the long-term support level 1.5390 (which has been reversing the price from the middle of 2018) and.

• Sugar reversed from resistance area • Likely to fall to 17.00 Sugar recently reversed down from the resistance area located between the resistance level 18.00 (former strong support level from the end of 2016) and the upper weekly and.

• EURUSD broke key resistance level 1.2150 • Likely to reach resistance 1.2350 EURUSD currency pair recently broke the resistance level 1.2150 (which stopped the previous waves B and 1) intersecting with the 50% Fibonacci correction of the downward correction.

• Soy reversed from resistance area • Likely to reach support level 1350.00 Soy recently reversed down from the resistance area lying between the resistance level 1436.00 (which has stopped the previous impulse wave (1) at the start of January).

• 3M reversed from support area • Likely to reach resistance 182.16 3M recently reversed up from the support area lying between the support level 173.95 (which has been reversing the price from the start of February) and the 50%.

• CADJPY broke key resistance level 84.40 • Likely to reach resistance 86.00 CADJPY continues to rise inside the sharp impulse wave 3 – which earlier broke above the key resistance level 84.40 (former monthly high from February and January.