Technical analysis - Page 368

AUDCHF broke key support level 0.6515 Likely to fall to 0.6450 AUDCHF recently broke sharply through the key support level 0.6515 (former double bottom from August) – after the price reversed down from the lower trendline of the recently broken.

IBM falling inside corrective wave 4 Likely to fall to 135.00 IBM recently reversed down from the key resistance level 145.25 (which reversed the price in September) – strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci.

Brent crude oil falling inside impulse wave (3) Likely to fall to 56.00 Brent crude oil recently reversed down from the round resistance level 60.00 (former support level, which reversed the price in October and November, acting as the resistance.

USDCHF reversed from resistance area Likely to fall to 0.9670 USDCHF recently reversed down sharply from the resistance area lying between the resistance level 0.9765, upper daily Bollinger Band and the 38.2% Fibonacci correction of the earlier sharp downward impulse.

Chevron reversed from powerful support area Likely to rise to 114.00 Chevron recently reversed up sharply from the powerful support area lying between the long-term support level 110.00 (which has been reversing the price from the start of 2019) and.

Copper falling inside impulse waves 3 and (3) Likely to fall to 252.00 Copper has been falling sharply in the last few trading sessions – in line with our earlier forecast for this instrument – breaking the daily up channel.

NZDUSD broke support area Likely to fall to 0.6450 NZDUSD under the bearish pressure after the earlier breakout of strong support area lying between the support level 0.6530 and the support trendline of the daily up channel from the start.

Cotton reversed from support area Likely to rise to 71.00 Cotton recently reversed up sharply from the support area lying between the support level 68.00, lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp upward impulse.

3M broke support area Likely to fall to 162.65 3M recently broke below the support area lying between the key support level 171.30 (former resistance from December), support trendline of the daily up channel from October and the 50% Fibonacci.

AUDCAD trading near strong support area Likely to rise to 0.8950 AUDCAD is currently trading close to the strong support area lying between the key support level 0.8900 (which been reversing the price from October) and the lower daily Bollinger.

Wheat reversed from resistance area Likely to fall to 553.80 Wheat recently reversed down sharply from the powerful resistance area lying between the multi-year resistance level 590.00 (which reversed the sharp uptrend in the middle of 2018) and the upper.

EURUSD broke support area Likely to fall to 1.100 EURUSD under bearish pressure after the earlier breakout of the support area lying between the support level 1.1060 (which reversed the price twice in December) and the 50% Fibonacci correction of.