Technical analysis - Page 318

• WTI broke major resistance level 41.80 • Likely to rise to 48.50 WTI today broke the major resistance level 41.80 (upper boundary of the deep downward gap from March and the price level which has been reversing the price.

• EURAUD falling inside impulse wave 3 • Likely to fall to 1.6325 EURAUD recently reversed down from the pivotal resistance level 1.6540 (monthly high from June, previous powerful support from April and May) – standing near the upper daily.

• USDCAD broke strong support level 1.3320 • Likely to fall to 1.3200 USDCAD recently broke below the strong support level 1.3320 (former monthly low from June, former powerful multi-month resistance level from August to the end of 2019). The.

• AUDJPY reversed from key support level 75.00 • Likely to rise to 76.70 AUDJPY recently reversed up from the key support level 75.00 (former strong resistance level, which reversed the price in the middle of June and also at.

• Wheat broke key support level 518.00 • Likely to fall to 500.00 Wheat recently broke below the key support level 518.00 (which stopped the previous short-term impulse wave (i), as can be seen below). The breakout of the support.

• GBPCAD reversed from resistance level 1.7690 • Likely to fall to 1.7300 GBPCAD recently reversed down with the daily Shooting Star from the powerful resistance level 1.7690 (monthly high from May) – standing well above the upper daily Bollinger.

• GBPAUD reversed from resistance level 1.8400 • Likely to fall to 1.8060 GBPAUD recently reversed down from the resistance level 1.8400 (monthly high from June) – standing near the upper daily Bollinger Band. The resistance area near the resistance.

• Baidu rising inside wave (B) • Likely to rise to 126.50 Baidu continues to rise inside the corrective wave (B) – which started earlier from the support level 114.00 (which also reversed the price in the middle of June),.

• Natural gas broke resistance area • Likely to rise to 2.050 Natural gas recently broke the resistance area located between the resistance level 1.917 (monthly double top from June) and the 61.8% Fibonacci correction level of the previous downward.

• Cotton broke daily down channel • Likely to rise to 64.60 Cotton recently broke the resistance trendline of the narrow daily down channel from the start of July (which enclosed the most of the previous short-term impulse wave (i)).

USDCHF Wave Analysis – 03 August, 2020 • USDCHF reversed from major support area • Likely to rise to 0.9400 USDCHF recently reversed up from the major support area lying between the long-term support levels 0.9066 (yearly low from 2018).

• EURCAD reversed from key resistance level 1.5975 • Likely to fall to 1.5655 EURCAD recently reversed down exactly from the key resistance level 1.5975 (which stopped the sharp uptrend in the middle of March, as can be seen below)..