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Wave Tech Analysis

FxPro Forex Analysis: Copper Wave Analysis – 21 September , 2018

• Copper broke resistance zone • Further gains are likely Copper continues to rise after the earlier breakout of the resistance zone lying between the resistance level 272.00, 50-day moving average and the 50% Fibonacci correction of the previous sharp downward impulse 5 from July. The breakout of this resistance zone accelerated the active short-term impulse wave 3, which belongs to the medium-term impulse wave (3) from the start of September. Copper is expected to rise further and retest the ...

Wave Tech Analysis

FxPro Forex Analysis: CHFJPY Wave Analysis – 21 September , 2018

• CHFJPY broke key resistance level 117.00 • Further gains are likely CHFJPY continues to rise after the earlier breakout of the key resistance level 117.00 – which accelerated the active short-term impulse wave 3 from the start of September. The active impulse wave 3 is a part of the medium-term impulse wave (3) from the start of August – which , in turn, belongs to the long-term upward impulse sequence ③ from the start of May. CHFJPY is expected to rise further and retest the next long-term ...

Wave Tech Analysis

FxPro Forex Analysis: NZDJPY Wave Analysis – 20 September , 2018

• NZDJPY broke daily down channel • Further gains are likely NZDJPY continues to rise after the earlier breakout of the resistance trendline of the daily down channel from June (which encloses the most of the active medium-term impulse sequence (C)). The breakout of this down channel should accelerate the active short-term corrective wave 4 – which started earlier form the powerful support level 72.20. NZDJPY is expected to rise further and retest the next resistance level 75.00 (top of the ...

Wave Tech Analysis

FxPro Forex Analysis: Palladium Wave Analysis – 20 September , 2018

• Palladium rising sharply • Further gains are likely Palladium has been rising sharply in the last few trading sessions following the earlier breakout of the round resistance level 1000.00 (which was mentioned in our earlier forecast for this instrument). The breakout the resistance level 1000.00 accelerated the active short-term impulse wave 5 – which then broke through the next strong resistance level 1020.00. With the rising daily Momentum - Palladium is expected to rise further and retest ...

The FxPro Analyst Team

Midday EURUSD roundup

The dollar index has fallen this afternoon to 93.50, to the lowest levels in more than three months. EURUSD is at 1.1760. Growth has accelerated after taking an important resistance area around 1.1700. Bullish: British Pound growth by more than 1% close to 1.3300 on commentaries about the progress in negotiations between the EU and the UK leaders on Brexit. The dollar is on the decline across the market, due to a restoring of the demand for risk assets. Bearish: U.S. Initial Jobless Claims are ...

The FxPro Analyst Team

FxPro Forex Analysis: Cautious mood has returned to the stocks, Asia has turned to decline

American markets ended trading on Wednesday with a slight increase. Asian bourses also experienced growth at the opening, but it was quickly replaced by increased pressure. As a result, at the time of writing Nikkei225 loses 0.6%, Heng Seng has fallen by 0.8%. Futures for S&P500 have lost 0.1% on Thursday morning, being near 2910 level, away from the intraday highs on 2913. From the technical analysis perspective, the U.S. markets experience difficulties with growth on the approach to an ...

Wave Tech Analysis

FxPro Forex Analysis: Platinum Wave Analysis – 19 September , 2018

• Platinum broke resistance zone • Further gains are likely Platinum continues to rise after the earlier breakout of the resistance zone lying between the key resistance level 810.00 (which has been reversing the price from the end of August, as can be seen below) and the 50% Fibonacci correction of the previous sharp downward impulse from July. The breakout of this resistance zone should accelerate the active short-term impulse wave (iii) – which belongs to wave C from last month. Platinum is ...

Wave Tech Analysis

FxPro Forex Analysis: AUDUSD Wave Analysis – 19 September , 2018

• AUDUSD reversed from support zone • Further gains are likely AUDUSD recently reversed up from the support zone lying between the key, long-term support level 0.7200 (which has been reversing the price from the middle of 2016, as can be seen from the weekly AUDUSD chart below) and the lower weekly Bollinger Band. The upward reversal from this support zone started the active medium-term impulse wave (1) – which belongs to impulse wave III. AUDUSD is expected to rise further in the active ...

The FxPro Analyst Team

FxPro Forex Analysis: Markets crave optimism: dollar in defense, stocks grow despite import tariffs

Despite the expansion of tariffs between China and the United States, global markets remain positive. MSCI Asia ex Japan adds 0.7% this morning; Hong Kong’s Heng Seng increases by 1.1%, although China announced the introduction of 5-10%-tariffs for the U.S. imports of up to $60 billion. S&P500 added 0.5% on Tuesday to the levels above 2900, to important resistance where the correction began last month. Among other important factors, it is worth highlighting the yield growth for 10-year U.S. ...