Technical analysis - Page 339

• CADJPY broke round resistance level 80.00 • Likely to rise to 81.65 CADJPY continues to rise after the earlier breakout of the round resistance level 80.00 (former monthly high from July), coinciding with the 50% Fibonacci correction of the.

• Gold reversed from support level 1900.00 • Likely to rise to 2000.00 Gold recently reversed up from the round support level 1900.00, intersecting win the 50% Fibonacci correction of the previous upward impulse from June. The support zone near.

The world markets are under pressure on Wednesday morning. Negotiations on stimulus packages in the US remain at a standstill, and hopes for a coronavirus vaccine are leading investors to revise their strategies in favour of companies most affected earlier.

• Platinum reversed from major resistance level 1025. • Likely to fall to 938.00 Platinum continues to fall after the earlier downward reversal from the major resistance level 1025.00 (top of the weekly Shooting Star from the start of this.

• NZDCAD broke key support level 0.8800 • Likely to fall to 0.8700 NZDCAD recently broke below the key support level 0.8800 (former strong resistance from June), which coincided with the 38.2% Fibonacci retracement of the previous upward impulse from.

• EURJPY reversed from key support level 124.30 • Likely to rise to 125.60 EURJPY recently reversed up sharply from the key support level 124.30 (former powerful resistance from the start of June), intersecting with the 50% Fibonacci retracement of.

• Catepillar broke key resistance level 140.00 • Likely to rise to 150.00 Catepillar earlier broke above the key resistance level 140.00 (former strong support from December, which has been steadily reversing all upward impulses from February). The breakout of.

• 3M rising inside corrective wave (ii)   • Likely to test to 163.50 3M continues to rise inside the short-term corrective wave (ii) – which started earlier from the key support level 150.00 (which reversed the price in June.

• Palladium reversed from key support level 2160.00 • Likely to rise to 2400.00 Palladium recently reversed up from the pivotal support level 2160.00 (former monthly high from May) – standing near the 50% Fibonacci correction of the previous upward.

• GBPUSD reversed from support level 1.3000 • Likely to rise to 1.3200 GBPUSD recently reversed up from the minor support level 1.3000 (low of the previous correction (a) from the start of August). The upwards reversal from the support.

• EURCAD falling inside wave (iv) • Likely to reach to 1.5675 EURCAD continues to fall inside the minor corrective wave (iv) – which started earlier from the powerful resistance area lying between the long-term resistance level 1.5975 (multi-month high.

• Wheat broke key support level 500,00 • Likely to fall to 486,00 Wheat today broke the key round support level 500,00 (previous downward target) – intersecting with the 61,8% Fibonacci retracement of the previous ABC correction 2. The breakout.