Technical analysis - Page 325

• CADJPY reversed from resistance area • Likely to fall to 78.20 CADJPY recently reversed down with the daily Bearish Engulfing from the resistance area lying between the resistance level 79.60, upper daily Bollinger band and the 38.2% Fibonacci correction.

• USDJPY falling inside impulse wave (c) • Likely to reach 106.00 USDJPY continues to fall inside the short-term impulse wave (c) – which started earlier from the resistance level 107.75 – intersecting with the upper daily Bollinger band. The.

• AUDNZD broke key support level 1.0585 • Likely to fall to 1.0500 AUDNZD recently broke below the key support level 1.0585 (which has been reversing the price from the end of April). The breakout of the support level 1.0585.

• Facebook reversed from key resistance level 244.50 • Likely to correct to 232.20 Facebook recently reversed down with the daily Shooting star and the inverted Hammer from the key resistance level 244.50 (former monthly high from June). The downward.

• Wheat approached key resistance level 528.00 • Likely to rise to 540.00 and 550.00 Wheat continues to rise inside the accelerated impulse wave – which previously broke through the resistance zone lying between the round resistance level 500.00 and.

• USDCAD reversed from support level 1.3490 • Likely to reach 1.3625 USDCAD recently reversed up from the support level 1.3490 (low of the previous correction (b)) – standing near the lower daily Bollinger band and the 50% Fibonacci correction.

• NZDUSD rising inside impulse wave 3 • Likely to reach 0.6750 NZDUSD continues to rise inside the sharp impulse wave 3, which previous broke above the resistance level 0.6575 (former monthly high from last month) The active impulse wave.

• GBPUSD rising inside wave 2 • Likely to reach 1.2760 GBPUSD continues to rise inside the minor correction 2, which recently broke above the key resistance level 1.2535 – intersecting with the 50% Fibonacci correction of the previous downward.

• General Motors broke key support level 24.00 • Likely to fall to 20.50 General Motors continues to fall inside the impulse wave (iii) – which started previously from the resistance zone lying between the resistance level 26.00 and the.

• Gold broke long-term resistance level 1800.00 • Likely to rise to 1900.00 Gold rising strongly after the latest breakout of the long-term resistance level 1800.00 (which previously formed the double yearly high in 2012, as can be seen below)..

• CHFJPY approached multi-month resistance level 114.60 • Likely to correct down to 114.00 CHFJPY recently rose sharply and is currently trading near the powerful multi-month resistance level 114.60 (which has been reversing the price from the end of 2018,.

• EURCHF reversed from support level 1.0620 • Likely to rise 1.0665 EURCHF recently reversed up from the key support level 1.0620 (which reversed the 5 previous intraday impulses, as can be seen from the daily EURCHF chart below). The.