Technical analysis - Page 346

• 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.

• NZDCAD reversed from resistance area • Likely to fall to 0.8500 NZDCAD today corrected down from the resistance area lying between the key resistance level 0.8570 (which stopped the previous waves (A) and B, as can be seen below).

• USDCAD reversed from support area • Likely to rise to 1.4165 USDCAD recently reversed up from the support area lying between the pivotal support level 1.3870 (which stopped the two previous waves (a) and (c)) and lower daily Bollinger.

• AUDUSD reversed from resistance area • Likely to fall to 0.6400 AUDUSD recently reversed down from the resistance area lying between the resistance level 0.6600 and the upper daily Bollinger Band. The downward reversal from this resistance area started.

• Baidu reversed from key resistance level 120.00 • Likely to fall to 100.00 Baidu recently reversed down sharply from the key resistance level 120.00 – standing well outside of the upper daily Bollinger Band. The downward reversal from the.

• 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.