Technical analysis - Page 348

Wall Street bounced on Friday as Boeing said it would resume production of commercial jets, with investors also cheering President Donald Trump’s plan to reopen the economy and on hopes of a potential drug by Gilead Sciences to treat COVID-19..

Gold reversed from resistance zone Likely to fall to 1600.00 Gold recently reversed down sharply from the resistance area located between the resistance level 1700.00 (which stopped the previous impulse wave (1)) and the upper weekly Bollinger Band. The downward.

EURNZD reversed from resistance zone Likely to fall to 1.7845 EURNZD recently reversed down from the resistance zone located between the resistance level 1.8240 and the 38.2% Fibonacci correction of the previous downward impulse from March The downward reversal from.

AUDNZD reversed from resistance level 1.0600 Likely to fall to 1.0500 AUDNZD recently reversed down from the round resistance level 1.0600 – standing near the weekly upper Bollinger Band. The downward reversal from the resistance level 1.0600 stopped the previous.

EURJPY falling inside impulse wave (iii) Likely to fall to 116.20 EURJPY continues to fall inside the strong short-term impulse wave (iii) which started earlier from the key resistance level 119.00, intersecting with the 50% Fibonacci correction of the downward.

Copper broke resistance zone Likely to rise to 240.00 Copper recently broke the resistance area located between the pivotal resistance level 230.00 (which stopped the previous impulse wave (i)) and the 50% Fibonacci correction of the downward impulse from the.

Natural Gas falling inside impulse wave (3) Likely to fall to 1.500 Natural Gas continues to fall inside the strong medium-term impulse wave (3) which stated earlier from the round resistance level 2.000, intersecting with the 200-day moving average. The.

Netflix broke key resistance level 390.00 Likely to rise to 440.00 Netflix recently broke above the key resistance level 390.00 (which stopped the earlier extended upper impulse wave (A) in March). The breakout of the resistance level 390.00 accelerated the.

EURCHF broke key support level 1.0525 Likely to fall to 1.0455 EURCHF recently broke below the key support level 1.0525 (which stopped the earlier sharp downtrend in March). The breakout of the support level 1.0525 is aligned with the active.

GBPNZD approached resistance area Likely to fall to 2.0730 GBPNZD is currently trading near the resistance area lying between the key resistance level 2.0980 (which has been reversing the price from the middle of March) – strengthened by the upper.

GBPCAD reversed from resistance area Likely to fall to 1.7400 GBPCAD recently reversed down from the resistance area lying between the resistance levels 1.7800 (top of the earlier impulse 1), 1.7680 and the upper daily Bollinger Band. The downward reversal.

Soy broke support area Likely to fall to 830.00 Soy recently broke the support area lying between the support level 850.00 (low of the earlier wave A) and the 61.8% Fibonacci correction of the previous upward impulse (1) from March..