Technical analysis - Page 338

• EURUSD rising inside wave (ii) • Likely to rise to 1.3500 EURUSD continues to rise inside the short-term corrective wave (ii) which started earlier from the support 1.1200, intersecting with the 38.2% Fibonacci retracement of the previous sharp upward.

• EURJPY broke resistance level 121.40 • Likely to rise to 122.00 EURJPY recently broke the resistance level 121.40 – coinciding with the 38.2% Fibonacci retracement of the previous sharp downward ABC correction 2. The breakout of the resistance level.

• Alibaba broke key resistance level 230.00 • Likely to rise to 240.00 Alibaba recently broke with the sharp upward gap above the key resistance level 230.00 (former multi-month high from January and June). The breakout of the resistance level.

• Gold reversed from support level 1760.00 • Likely to rise to 1790.00 Gold recently reversed up from the support level 1760.00 (former resistance level which stopped the earlier impulse wave 1 in the middle of May). The upward reversal.

• NZDCAD broke key resistance level 0.8800 • Likely to rise to 0.8900 NZDCAD continues to rise after the earlier breakout of the key resistance level 0.8800 – which has been reversing the price from last December. The breakout of.

• GBPNZD broke key support level 1.9130 • Likely to fall to 1.9000 GBPNZD recently broke the key support level 1.9130 (which stopped the previous impulse wave (i) in the middle of June, as can be seen below). The breakout.

• AUDUSD rising inside impulse wave 3 • Likely to rise to 0.7030 AUDUSD continues to rise inside the short-term impulse wave 3, which started earlier from the key support level 0.6800. The support area near the support level 0.6800.

• Sainsbury’s broke daily up channel • Likely to fall to 1.900 Sainsbury’s recently broke the support trendline of the daily up channel from May (which enclosed the previous short-term ABC correction (ii)). The breakout of this up channel should.

Oil fell below $43 a barrel on Friday as a resurgence of coronavirus cases raised concern that fuel demand growth could stall, although crude was still headed for a weekly gain on lower supply and wider signs of economic recovery..

• NZDJPY broke resistance zone • Likely to rise to 71.5 NZDJPY today broke the resistance zone lying between the key resistance level 69.8 (top of the B-wave of the previous ABC correction (2)) and the 50% Fibonacci retracement of.

• Google rising inside impulse wave 5 • Likely to reach 1475.00 Google continues to rise inside the short-term impulse wave 5, which started earlier from the support zone surrounding the support level 1350.00 The active impulse wave 5 belongs.

• Silver reversed from resistance level 18.37 • Likely to fall 17.500 Silver recently reversed down from the resistance level 18.37 (top of the previous sharp impulse wave 1 from the middle of April) – standing near the upper daily.