Technical analysis - Page 288

• EURCHF reversed from resistance level 1.0880 • Likely to fall to 1.0785 EURCHF previously reversed down from the key resistance level 1.0880 (which has been reversing this currency pair from the start of July), standing near the upper daily.

• Morgan Stanley reversed from support level 57,50 • Likely to rise to 67,5 Morgan Stanley earlier reversed up from the key support level 57,50 (former multi-month high from January) – which signalled the continuation of the active impulse waves.

Oil is developing a growth on Thursday morning, increasing more than 8% so far this week and adding one third from the lows at the beginning of the month. Brent’s growth momentum yesterday and the renewal of highs since March.

• NZDUSD continues multi-month uptrend • Likely to rise to 0.7100 NZDUSD continues to rise inside the minor upward impulse sequence 3, which earlier reversed up sharply from the support level 0.6900, intersecting with the upper trendline of the daily.

• USDCAD reversed from key support level 1.3000 • Likely to rise to 1.3165 USDCAD previously reversed up from the key support level 1.3000, which has been reversing this currency pair from the end of August (as can be seen.

• Brent rising inside impulse wave C • Likely to rise to 50.00 Brent continues to rise inside the sharp upward impulse wave C, which previously broke the powerful resistance level 46.60 (monthly high from August) and the resistance trendline.

• Sugar falling inside minor impulse wave 1 • Likely to reach 14.500 Sugar continues to fall inside the minor impulse wave 1 which started previously from the powerful resistance area near the key resistance level 15.50. The resistance area.

• AUS200 rising inside impulse 3   • Likely to reach 7000.00 AUS200 has been rising strongly in the last few trading sessions inside the impulse 3 of the intermediate impulse sequence (C) from the middle of September. The index.

• CHFJPY reversed from key support level 113.80 • Likely to rise to 115.00 CHFJPY previously reversed up from the key support level 113.80 (low of the previous minor correction (a)) – strengthened by the lower daily Bollinger Band. The.

• Gold broke support zone • Likely to fall to 1763.00 Gold recently broke the support zone located at the intersection of the powerful support level 1850.00 and the Fibonacci cluster made out of the 38.2% and 61.8% Fibonacci retracement.

• Alcoa rising inside impulse wave C • Likely to reach 22.00 Alcoa continues to rise inside the sharp upward impulse wave C – which is a part of the intermediate impulse sequence (B) from March. The price earlier broke.

• Cotton broke daily Triangle • Likely to rise to 72.00 Cotton recently broke the resistance trendline of the short-term daily Triangle from the end of October. The breakout of this Triangle continues the active sharp daily uptrend and the.