Technical analysis - Page 348

• Facebook reversed from key resistance level 244.50 • Likely to correct to 232.20 Facebook recently reversed down with the daily Shooting star and the inverted Hammer from the key resistance level 244.50 (former monthly high from June). The downward.

• Wheat approached key resistance level 528.00 • Likely to rise to 540.00 and 550.00 Wheat continues to rise inside the accelerated impulse wave – which previously broke through the resistance zone lying between the round resistance level 500.00 and.

• USDCAD reversed from support level 1.3490 • Likely to reach 1.3625 USDCAD recently reversed up from the support level 1.3490 (low of the previous correction (b)) – standing near the lower daily Bollinger band and the 50% Fibonacci correction.

• NZDUSD rising inside impulse wave 3 • Likely to reach 0.6750 NZDUSD continues to rise inside the sharp impulse wave 3, which previous broke above the resistance level 0.6575 (former monthly high from last month) The active impulse wave.

• GBPUSD rising inside wave 2 • Likely to reach 1.2760 GBPUSD continues to rise inside the minor correction 2, which recently broke above the key resistance level 1.2535 – intersecting with the 50% Fibonacci correction of the previous downward.

• General Motors broke key support level 24.00 • Likely to fall to 20.50 General Motors continues to fall inside the impulse wave (iii) – which started previously from the resistance zone lying between the resistance level 26.00 and the.

• Gold broke long-term resistance level 1800.00 • Likely to rise to 1900.00 Gold rising strongly after the latest breakout of the long-term resistance level 1800.00 (which previously formed the double yearly high in 2012, as can be seen below)..

• CHFJPY approached multi-month resistance level 114.60 • Likely to correct down to 114.00 CHFJPY recently rose sharply and is currently trading near the powerful multi-month resistance level 114.60 (which has been reversing the price from the end of 2018,.

• EURCHF reversed from support level 1.0620 • Likely to rise 1.0665 EURCHF recently reversed up from the key support level 1.0620 (which reversed the 5 previous intraday impulses, as can be seen from the daily EURCHF chart below). The.

• Costco broke pivotal resistance level 315.00 • Likely to rise to 322.00 Costco recently broke above the pivotal resistance level 315.00 (which stopped the earlier B-wave at the start of June, as can be seen below). The breakout of.

• Natural gas broke resistance level 1.824 • Likely to rise to 1.970 Natural gas recently broke above the key resistance level 1.824 (which reversed the price multiple times at the start of June). The breakout of the resistance level.

• NZDCAD rising inside impulse waves 3 and (5) • Likely to rise to 0.8950 NZDCAD continues to rise after the earlier breakout of the key resistance level 0.8800 (which has been reversing the price from the end of 2019)..