Technical analysis - Page 326

• 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)..

• Sugar broke resistance zone • Likely to rise to 13.00 Sugar today broke through the resistance area located between the important resistance level 12.22 (which has reversed the price multiple times from June) and the 50% Fibonacci correction level.

• GBPNZD broke resistance zone • Likely to rise to 1.9880 GBPNZD recently broke the resistance zone lying between the resistance levels 1.9490 (top of the previous wave (iv)) and 1.9640 (top of wave 4). The breakout of this resistance.

• EURJPY broke key resistance level 124.30 • Likely to rise to 126.00 EURJPY today broke above the key resistance level 124.30 (which stopped the previous waves (A) and (i) – as can be seen from the daily EURJPY chart.

• CADJPY reversed from support zone • Likely to rise to 79.60 CADJPY recently reversed up from the support zone located between the key support level 78.00 (which has been reversing the price from the end of May) and the.

• Altria reversed from resistance area • Likely to fall to 40.30 Altria recently reversed down sharply from the resistance area located between the resistance level 42.90 (monthly high from June), upper daily Bollinger Band and the 61.8% Fibonacci correction.