Technical analysis - Page 341

• GBPNZD reversed from key support level 2.014 • Likely to rise to 12.055 GBPNZD recently reversed up sharply from the key support level 2.014 standing near the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward.

• EURCHF approached key support level 1.050 • Likely to fall to 1.0450 EURCHF today reached the key support level 1.050 (former monthly low from April) – which also earlier reversed the pair at the start of May. The subsequent.

• IBM broke support zone • Likely to fall to 12.40 IBM today broke the support zone lying between the pivotal support level 14.35 (which has been reversing the price from March) and the 61.8% Fibonacci correction of the upward.

U.S. producer prices fell by the most since 2009 in April, leading to the largest annual decline in nearly 4-1/2 years, bolstering some economists’ predictions for a brief period of deflation as the novel coronavirus depresses demand. The report from.

China is sealing off cities in a province that borders North Korea amid a growing cluster of cases. Hong Kong’s 23-day streak without a case of local transmission ended and Germany aims to fully reopen borders with European nations by.

• NZDCHF udder bearish pressure • Likely to fall to 0.5800 NZDCHF udder bearish pressure after the earlier downward reversal from the resistance area lying between the resistance level 0.5970, upper daily Bollinger Band and the 50% Fibonacci correction of.

• Natural gas broke round support level 1.700 • Likely to fall to 1.583 Natural gas continues to fall in line with our earlier report for this instrument. The price today broke the round support level 1.700 – which should.

• 3M broke key support level 141.10 • Likely to fall to 135.00 3M continues to fall after the earlier breakout of the key support level 141.10 (which stopped the (b)-wave of the previous ABC correction 2). The breakout of.

• NZDCAD reversed from resistance area • Likely to fall to 0.8420 NZDCAD recently reversed down from the resistance area lying between the resistance level 0.8550 (which has been reversing the price from the middle of March), upper daily Bollinger.

• EURGBP reversed from support area• Likely to rise to 0.8865 EURGBP recently reversed up from the support area lying between the support level 0.8680 (monthly low from April), lower daily Bollinger Band and the 61.8% Fibonacci correction of the.

• EURCAD reversed from support area• Likely to rise to 1.5300 EURCAD recently reversed up from the support zone located between the key support level 1.5100 (low of the previous ABC correction 2), lower daily Bollinger Band and the 50%.

• EURAUD under bullish pressure• Likely to rise to 1.7000 EURAUD under bullish pressure after the earlier upward reversal from the support zone located between the key support level 1.6595 (former monthly high from January) and the lower daily Bollinger.