Technical analysis - Page 374

• AUDCAD reversed from resistance level 0.9415 • Likely to fall to 0.9300 AUDCAD recently reversed down from the resistance area set between the resistance level 0.9415 (which stopped the earlier waves (A) and B) and the upper daily Bollinger.

• USDJPY reversed from support area • Likely to rise 107.60 USDJPY recently reversed up from the support area between the key support level 106.00 (monthly low from May), lower daily Bollinger band and the 50% Fibonacci retracement of the.

• Alibaba reversed from resistance level 230.00 • Likely to fall to 220.00 Alibaba group recently reversed down from the multi-month resistance level 230.00 (which stopped the extended daily uptrend at the start of this year) – strengthened by the.

• Silver reversed from support zone• Likely to rise 18.35 Silver recently reversed up from the support area lying at the intersection of the key support level 17.00 (multi-candle low from the end of May), lower daily Bollinger band and.

• AUDUSD reversed from support zone• Likely to rise 0.7030 AUDUSD recently reversed up from the support area lying at the intersection of the pivotal support level 0.6800 (which also reversed the price earlier this month), support trendline of the.

• EURUSD reversed from support zone• Likely to rise 1.1400 EURUSD recently reversed up from the support zone lying between the support level 1.1200 and the 38.2% Fibonacci retracement of the previous upward impulse from the middle of May. The.

• Costco rising inside impulse wave (3)• Likely to rise 310.00 Costco recently reversed up sharply from the key support area between the pivotal support level 295.00 (monthly low fr0m May), lower daily Bollinger band and the 50% Fibonacci correction.

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.