Technical analysis - Page 403

NZDCHF reversed from support area Further gains are likely NZDCHF recently reversed up sharply from the combined support area lying between the key support level 0.6470 (which has been reversing the price from last October) and the lower daily Bollinger.

Corn broke resistance area Further gains are likely Corn recently broke through the resistance area lying between the key resistance level 440.00 (which has been reversing the price from 2015) and the upper resistance trendline of the weekly up channel.

NZDUSD falling inside corrective wave 2 Further losses are likely NZDUSD continues to fall inside the second corrective wave 2 – which started earlier from the resistance area lying between the key resistance level 0.6680 and the upper daily Bollinger.

AUDUSD broke daily up channel Further losses are likely AUDUSD recently broke the support trendline of the narrow daily up channel from the middle of May (which has enclosed the previous short-term correction (ii)). The breakout of this up channel.

Wheat broke key resistance level 109.60 Further gains are likely Wheat recently broke the key resistance level 109.60 – which stopped the previous sharp waves 2 and (1) – as can be seen below. The breakout of the resistance level.

Corn reversed from powerful support level 410. Further gains are likely Corn recently reversed up sharply from the powerful support level 410.00 (former multi-month high from May of 2018). The upward reversal from this support area completed the previous ABC.

CHFJPY reversed from resistance area Further losses are likely CHFJPY recently reversed down from the resistance area lying between the key resistance level 109.60, upper daily Bollinger Band and the 50% Fibonacci correction of the previous downward impulse from April..

Cotton reversed from resistance area Further losses are likely Cotton recently reversed down from the resistance area lying between the key resistance level 69.40 (former monthly low from February) and the upper daily Bollinger Band. The downward reversal from this.

AUDNZD reversed from support area Further gains are likely AUDNZD recently reversed up from the support area lying between the key support level 1.0510 (monthly low from May) and the upper daily Bollinger Band. The upward reversal from this support.

GBPCAD broke support area Further losses are likely GBPCAD recently broke sharply through the support area lying between the key support level 1.6970 (former monthly low from February – which created daily Hammer in May) and the support trendline of.

Gold reversed from resistance area Further losses are likely Gold recently reversed down from the resistance area lying between the key resistance level 1346.00 (which stopped the earlier extended wave (a) in the middle of February) and the upper daily.

Corn reversed from resistance zone Further losses are likely Corn recently reversed down from the resistance zone lying between the resistance trendline of the weekly up channel from July of 2016, upper daily Bollinger Band and the multi-year resistance level.