Technical analysis - Page 339

• EURAUD reversed from support level 1.6500 • Likely to rise to 1.6845 EURAUD recently reversed up from the pivotal support level 1.6500 (which has been reversing the price from the end of April), standing close to the lower daily.

• NZDCAD reversed from key resistance level 0.8570 • Likely to fall to 0.8450 NZDCAD recently reversed down from the key resistance level 0.8570, standing close to the upper daily Bollinger Band. The downward reversal from the resistance level 0.8570.

• Copper reversed from support area • Likely to rise to 246.40 Copper recently reversed up from the support area lying between the support level 239,00, lower trendline of the daily up channel from April and the 50% Fibonacci correction.

• NZDUSD broke resistance level 0.6145 • Likely to rise to 0.6300 NZDUSD recently broke through the resistance level 0.6145 (which stopped the previous waves A and (b)) intersecting with the lower trendline of the wide down channel from the.

• NZDJPY broke key resistance level 66.20 • Likely to rise to 68,00 NZDJPY recently broke above the key resistance level 66.20 – which is the upper boundary of the sideways price range inside which the pair has been trading.

• S&P 500 broke resistance area • Likely to rise to 3100.00 S&P 500 under bullish pressure after the earlier breakout of the resistance area lying between the key resistance level 2950,00 and the 61,8% Fibonacci correction of the previous.

• Nikkei 225 broke key resistance level 20600,00, • Likely to rise to 21500,00 Nikkei 225 recently broke above the key resistance level 20600,00, intersecting with the 61,8 % Fibonacci retracement of the previous sharp downward impulse wave from the.

• AUDJPY reversed from support level 70,00 • Likely to rise to 72,50 AUDJPY recently reversed up from the pivotal support level 70,00 (former strong resistance level which stopped the previous waves A and (i), as can be seen below)..

• AUDCAD reversed from support level 0.9125 • Likely to rise to 0,9200 AUDCAD recently reversed up from the key support level 0.9125 (former strong resistance level which stopped the previous impulse waves (iii) and (v), as can be seen.

• Natural Gas falling inside short-term impulse wave 3 • Likely to fall to 1,5920 Natural Gas continues to fall inside the short-term impulse wave 3, which started earlier when the price reversed down from the resistance level 1.873, intersecting.

Another 2.4 million Americans filed for unemployment insurance last week even as states across the US began opening up for business again, betting that the coronavirus pandemic is now under control. The latest figures from the Department of Labor mean.

• Soy broke daily up channel • Likely to fall to 822.65 Soy recently broke the well-formed daily up channel from April (which encloses the previous medium-term ABC correction (2)) The breakout of this up channel should accelerate the active.