Technical analysis - Page 341

• 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.

• EURNZD under bearish pressure • Likely to fall to 1.7695 EURNZD has been under bearish pressure after the price reversed down from the resistance zone lying between the resistance level 1.8270 (which has been reversing the price from the.

• WTI under bullish pressure • Likely to rise to 35.00 WTI has been under bullish pressure after the price broke the resistance zone located between the resistance level 29.17 (top of the previous waves 4 and (ii)) and the.

• NZDUSD reversed sharply from support zone • Likely to rise to .6145 NZDUSD today reversed up sharply from the support zone located between the key support level 0.5923 (which created two consecutive Morning Stars in April), lower daily Bollinger.

• EURCHF reversed from support area • Likely to rise to 1.0550 EURCHF today reversed up from the support zone located between the pivotal support level 1.0504 (which stopped the earlier downtrend in April) and the lower daily Bollinger band..

• NZDJPY reversed from support area • Likely to rise to 65.70 NZDJPY today reversed up from the support area lying between the support level 63.60 (lower boundary of the sideways price range from March), lower daily Bollinger band and.

• Palladium reversed from support area • Likely to rise to 1900.00 Palladium recently reversed up from the support area lying between the support level 1741.00 (former monthly low form April), lower daily Bollinger band and the 61.8% Fibonacci correction.

• Silver broke resistance zone • Likely to rise to 17,00 Silver recently broke the resistance area lying between the resistance level 15.80 (monthly high from April) and the 61,8% Fibonacci correction of the previous downward impulse (3) from February..

• WTI broke resistance zone • Likely to rise to 31.77 WTI recently broke the resistance zone lying between the key resistance level 27.55 (top of the previous short–term impulse wave A) and the 38.2% Fibonacci correction of the previous.