Technical analysis - Page 321

• Corn broke key resistance level 362.70 • Likely to rise to 370.00 and 380.00 Corn today broke above the key resistance level 362.70 (former powerful support from February and November) and the top of the previous impulse wave (iii))..

• GBPNZD falling inside impulse wave 3 • Likely to test the support at 1.9000 GBPNZD continues to fall inside the sharp upward impulse wave 3, which previously broke the support level 1.9490, intersecting with the 61.8% Fibonacci correction of.

• GBPCHF approached key support level 1.1600 • Likely to fall to 1.1500 GBPCHF has been falling strongly in the last few trading sessions –  in line with the earlier report for this currency pair. The price is currently trading.

• GBPAUD broke key support level 1.7710 • Likely to fall to 1.7400 GBPAUD recently broke sharply below the key support level 1.7710 (low of the daily hammer and wave (A) from the middle of July). The breakout of the.

• Copper reversed from support level 296.00 • Likely to rise to 309.00 Copper toward reversed up once again from the key support level 296.00 (former powerful resistance from July which also stopped the previous wave 2 at the start.

• Silver reversed from support zone • Likely to rise to 29.00 Silver recently reversed up with the daily Hammer from the support zone lying between the pivotal support level 26.00 (low of wave (b) from August) and the lower.

• Wheat reversed from support zone • Likely to rise to 560.00 Wheat today reversed up from the support zone lying between the pivotal support level 542.90 (former high of wave B from July) and the 38.2% Fibonacci retracement of.

• EURJPY reversed from support zone • Likely to rise to 127.00 EURJPY recently reversed up from the support zone lying between the key support level 124.35 (former monthly high from June), lower daily Bollinger Band and the 38.2% Fibonacci.

• EURGBP broke resistance area • Likely to rise to 0.9300 EURGBP continues to rise after the recent breakout of the resistance area lying between the resistance level 0.9165 (top of the previous minor impulse wave 1) and the 61.8%.

• CHFJPY reversed from support level area • Likely to rise to 117.65 CHFJPY recently reversed up from the support area located between the key support level 115.50 (low of the previous minor correction (iv)), lower daily Bollinger band and.

• Google broke daily up channel • Likely to fall to 1500.00 Google today broke the support trendline of the sharp daily up channel from the end of June (as can be seen from the daily Google chart below). The.

• Platinum reversed from support level 890.00 • Likely to rise to 950.00 Platinum recently reversed up from the support level 890.00 (which also reversed the price sharply in July) – intersecting with the support trendline of the daily up.