Technical analysis - Page 339

• Wheat broke daily down channel • Likely to rise to 526.40 Wheat recently reversed up sharply from the key multi-month support level 495.00 and the lower daily Bollinger Band. The price earlier broke the resistance trendline of the narrow.

• NZDCHF rising inside short-term correction • Likely to rise to 0.5970 NZDCHF continues to rise inside the short-term upward correction which started earlier from the support zone lying between the support level 0.5760 and the lower daily Bollinger Band..

• GBPNZD reversed from long-term support level 1.9900 • Likely to rise to 2.0120 GBPNZD recently reversed up from the long-term support level 1.9900 (which reversed the price sharply in the middle of March), standing near the lower daily Bollinger.

• CHFJPY reversed from resistance level 111.50 • Likely to fall to 111,00 CHFJPY recently reversed down from the resistance level 111.50 (top of the previous wave (iv)) intersecting with the 50% Fibonacci retracement of the previous downward impulse C.

• Bank of America reversed from support area • Likely to rise to 25,00 Bank of America recently reversed up from the support area lying between the support level 21,00 (low of the previous wave 1), lower daily Bollinger Band.

• Platinum broke resistance level 840.00 • Likely to rise to 900.00 Platinum recently broke the resistance level 792.00 intersecting with the 50% Fibonacci retracement of the previous sharp downward impulse from February. The breakout of the resistance level 792.00.

• Coca-Cola broke daily Falling Wedge • Likely to rise to 48.00 Coca-Cola continues to rise inside the sharp corrective wave 2 which started earlier from the support area lying between the key support level 43.45, the lower daily Bollinger.

• USDJPY reversed from resistance zone • Likely to fall to 107.00 USDJPY recently reversed down from the resistance zone lying between the key resistance level 107.90 (which has been reversing the price forms April), upper daily Bollinger Band and.

• USDCHF falling inside sideways price range • Likely to fall to 0.9600 USDCHF recently reversed down from the resistance zone lying between the pivotal resistance level 0.9800 (upper boundary of the sideways price range from the start of April).

• GBPJPY reversed from support zone • Likely to rise to 133.00 GBPJPY recently reversed up from the support zone lying between the round support level 130.00, lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward.

• Alibaba broke pivotal resistance level 215.00 • Likely to rise to 225.00 Alibaba today broke the pivotal resistance level 215.00 (which stopped the previous sharp upward waves 2, (iv) and (1), as can be seen on the daily Alibaba.

• USDCAD broke support level 1.3915 • Likely to fall to 1.3835 USDCAD today broke the key support level 1.3915 (low of the previous Bullish Engulfing from the start of May), – which follows the breakout of the 38.2% Fibonacci.