Technical analysis - Page 353

The start of this week marks a clear contrast from last Monday. Concerns over coronavirus have faded and with it stock market volatility. Overall conditions on stocks futures remain uncertain, yet more stable compared to seven days ago. With that,.

Many of the world’s leading investors are concerned that the recent gains in the U.S. stock market are overdone, given the uncertain economic outlook and the risks of a second wave of the Covid-19 virus. But American equities are in.

• Platinum reversed from support zone • Likely to rise to 875.00 Platinum recently reversed up from the support zone lying between the support level 820.00 (former strong resistance from April), lower daily Bollinger band and the 50% Fibonacci retracement.

• NZDJPY reversed from key support level 68.25 • Likely to rise to 70.00 NZDJPY recently reversed up sharply from the key support level 68.25 (which stopped the previous A-wave) – strengthened by the 38.2% Fibonacci retracement of the former.

• GBPNZD falling inside impulse wave 5 • Likely to fall to 1,9000 GBPNZD recently broke through the l support level 1,9400 (which has been steadily reversing the pair from October of 2019). The breakout of the support level 1,9400.

• Visa rising inside impulse wave (v) • Likely to reach 200.00 Visa continues to rise inside the minor impulse wave (v), which started recently from the support zone lying between the support level 188.00 (low of the daily Hammer.

• Apple broke resistance level 352,00 • Likely to rise to 380,00 Apple recently broke through the resistance level 352,00 (which stopped the recent sharp short-term impulse wave 3 at the start of June). The breakout of this resistance level.

• Wheat broke key support level 495,00 • Likely to fall to 476.00 and 472.00 Wheat continues to fall sharply after the recent breakout of the key support level 495,00 (which stopped the earlier impulse waves (1) and 1 in.

• EURGBP broke resistance zone • Likely to rise to 0,9100 EURGBP today broke above the resistance zone lying between the key resistance level 0,9020 (which has been reversing the price from the end of May) and the 38.2% Fibonacci.

• GBPCHF under bearish pressure • Likely to fall to 1,1730 GBPCHF under bearish pressure after the earlier breakout of the key support level 1.1820 (which has been reversing the price from the middle of May). The breakout of the.

• GBPAUD broke support level 1,8080 • Likely to fall to 1,7800 GBPAUD recently broke through the pivotal support level 1,8080 (which stopped the previous sharp downward impulse wave 3 at the start of June). The breakout of the support.

Oil rose to above $42 a barrel on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet supply cuts and signs of demand, hit by the coronavirus crisis, recovering. Iraq and Kazakhstan, during.