Technical analysis - Page 296

• 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.

• GBPCAD broke resistance area • Likely to rise to 1.7550 GBPCAD recently broke sharply through the resistance area locate between the resistance level 1.7350 (former monthly high from October) and the 61.8% Fibonacci correction of the previous ABC wave.

• GBPUSD broke key resistance level 1.3300 • Likely to rise to 1.3480 GBPUSD recently broke sharply through the key resistance level 1.3300 (which stopped the previous sharp upward impulse wave (i) at the start of this month). The breakout.

• General Electric broke round resistance level 10.00 • Likely to rise to 10.500 General Electric today broke the round resistance level 10.00 (which stopped the previous minor impulse wave at the end of last week, as can be seen.

On November 26, 2020, America will celebrate Thanksgiving Day and therefore the trading time schedule of several financial instruments will be effected on November 26th and 27th.

• Gold reversed from support level 1850.00 • Likely to rise to 1900.00 Gold recently once again reversed up from the key support level 1850.00 (which has been reversing the price from August). The support area near the support level.