– Gold reversed from key support level 2550.00
– Likely to rise to resistance level 2650.00
Gold recently reversed up from the support zone located between the key support level 2550.00 (which also reversed the price in the middle of September), standing close to the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from...
– EURUSD reversed from long-term support level 1.0500
– Likely to rise to resistance level 1.0620
EURUSD currency pair recently reversed up from the major long-term support level 1.0500 (which has been steadily reversing the price from the start of 2023, as can be seen below), standing close to the lower daily Bollinger Band.
The support level 1.0500 level was...
- GBPUSD reversed from strong support level 1.2665
- Likely to rise to resistance level 1.2840
GBPUSD currency pair recently reversed up from the strong support level 1.2665 (former monthly low from August), standing close to the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from April.
The upward reversal from the support...
- GBPUSD reversed from strong support level 1.2665
- Likely to rise to resistance level 1.2840
GBPUSD currency pair recently reversed up from the strong support level 1.2665 (former monthly low from August), standing close to the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from April.
The upward reversal from the support...
- USDJPY broke key resistance level 154.70
- Likely to rise to resistance level 157.20
USDJPY currency pair recently broke the key resistance level 154.70 (former stern support from June, which has been reversing the price from the end of July).
The breakout of the resistance level 154.70 should accelerate the active medium-term impulse wave (5) from the start...
- WTI crude oil reversed from the multi-year support level 66.70
- Likely to rise to resistance level 70.00
WTI crude oil recently reversed up from the powerful multi-year support level 66.70 (which has been repeatedly reversing WTI from the end of 2021, as seen from the weekly WTI chart below).
The support level 66.70 was strengthened by the nearby lower daily...
- EURGBP reversed from long-term support level 0.8265
- Likely to rise to resistance level 0.8365
EURGBP currency pair previously reversed up from the long-term support level 0.8265 (former powerful support from the start of 2022) coinciding with the lower weekly Bollinger Band.
The upward reversal from the support level 0.8265 stopped the previous impulse wave...
- USDCHF rising inside impulse wave (C)
- Likely to reach resistance level 0.8900
USDCHF currency pair continues to rise inside the medium-term impulse wave (C), which previously broke the resistance level 0.8730 coinciding with the 50% Fibonacci correction of the downward impulse from July.
The active impulse wave (C) belongs to the longer-term upward impulse...
- Dow Jones rising inside impulse wave 5
- Likely to reach resistance level 45000.00
Dow Jones index continues to rise inside the minor impulse wave 5, which previously broke the key resistance level 43500.00 and the resistance trendline of the daily up channel from August.
The active impulse wave 5 belongs to the weekly upward impulse sequence (C) from April...
- EURUSD under bearish pressure
- Likely to fall to support level 1.0600
EURUSD currency pair is under bearish pressure after the earlier breakout of the key support level 1.0685, which has been reversing the price from the middle of June.
The breakout of the support level 1.0685 should strengthen the bearish pressure on this currency pair.
Given the...
- NZDJPY reversed from resistance level 92.00
- Likely to fall to support level 90.40
NZDJPY currency pair recently reversed down from the resistance level 92.00, which is the upper boundary of the narrow sideways price range inside which the pair has been moving from September.
The resistance level 92.00 was strengthened by the upper daily Bollinger Band and...
- CHFJPY broke daily up channel
- Likely to fall to support level 174.00
CHFJPY currency pair under bearish pressure after the earlier breakout of the support trendline of the sharp daily up channel from the end of September.
The breakout of this up channel accelerated the active minor corrective wave 2, which started earlier from the key resistance 177.00,...
- EURAUD under bearish pressure
- Likely to fall to support level 1.6125
EURAUD currency pair under bearish pressure after the earlier breakout of the support trendline of the daily up channel from the start of October.
The breakout of this up channel accelerated the active minor impulse wave 1 of the higher order impulse sequence (1) from the end of last...
- GBPUSD reversed from support level 1.2840
- Likely to rise to resistance level 1.3050
GBPUSD currency pair recently reversed up from the support level 1.2840 (which stopped the previous intermediate correction (A) at the end of October).
The upward reversal from the support level 1.2840 created the daily Japanese candlesticks reversal pattern Piercing...
- Gold broke support area
- Likely to fall to support level 2600.00
Gold recently broke the support area located at the intersection of the support level 2680.00 (former monthly high from September), support trendline of the daily up channel from September and the 61.8% Fibonacci correction of the upward impulse 1 from the start of October.
The breakout of this...
- USDJPY broke resistance area
- Likely to rise to resistance level 156.00
USDJPY currency pair today broke the resistance area located between the resistance level 153.25 (which reversed the pair twice at the end of October) and the 61.8% Fibonacci correction of the sharp downward impulse from the start of July.
The breakout of this resistance area is likely...
- S&P 500 reversed from support area
- Likely to rise to resistance level 5850.00
S&P 500 index earlier reversed up from the support area located between the key support level 5695.00 (which reversed the index for 7 consecutive days at the start of October) and the lower daily Bollinger Band.
This support area was further strengthened by the 38.2% Fibonacci...
- EURUSD rising inside impulse wave 1
- Likely to reach resistance level 1.1000
EURUSD currency pair continues to rise inside the sharp impulse wave 1 which started earlier from the support zone between the key support level 1.07865 (former strong support from the start of August) intersecting with the support trendline from April.
The active impulse wave 1...
