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Wave Tech Analysis

FxPro Forex Analysis: AUD/CAD Wave Analysis – 14 August , 2018

• AUD/CAD broke major support level 0.9570 • Further losses are likely AUD/CAD continues to fall after the recent breakout of the major support level 0.9570, which has previously reversed the price in last December and in May of this year, as can be seen below. The breakout of the support level 1200.00 accelerated the active short-term impulse wave 5 – which is a part of the medium-term impulse wave (3) from the start of June. The pair is expected to fall further and retest the next support ...

Wave Tech Analysis

FxPro Forex Analysis: Natural Gas Wave Analysis – 14 August , 2018

• Natural Gas rising inside wave 2 • Further gains are likely Natural Gas recently reversed up from the support level 2.900, which also previously reversed the price multiple times in the middle of June, as can be seen below. The upward reversal from the support level 2.900 started the active short-term impulse wave (iii) – which is a part of the short-term corrective wave 2 from the middle of July. Natural Gas is expected to rise further and retest the next round resistance level 3.000 (target ...

Wave Tech Analysis

FxPro Forex Analysis: EURJPY Wave Analysis – 13 August , 2018

• EURJPY reversed from support zone • Further gains are likely EURJPY continues to rise after the previous sharp upward reversal from the support zone lying between the key support level 125.00 – intersecting with the lower daily Bollinger Band. The upward reversal form this support zone completed the earlier short-term correction (c) of the ABC correction 2 from July. Given the oversold reading on the daily Stochastic indicator - EURJPY is likely to rise further and re-test the next resistance ...

Wave Tech Analysis

FxPro Forex Analysis: Gold Wave Analysis – 13 August , 2018

• Gold broke long-term support level 1200.00 • Further losses are likely Gold today broke below the major, long-term support level 1200.00 – the last time this support level reversed the price was in May of 2016, as can be seen below. The breakout of the support level 1200.00 coincided with the breakout of the support trendline of the daily down channel from the middle of April. If the price stays below 1200.00 – the bearish pressure is likely to strengthen – which should lead to further losses ...

Wave Tech Analysis

FxPro Forex Analysis: Silver Wave Analysis – 09 August , 2018

• Silver rising inside minor corrective wave (ii) • Further gains are likely Silver continues to rise inside the minor corrective wave (ii) which started recently from the combined support zone lying between the key support level 15.30 (which has been reversing the price from the middle of July) and the lower daily Bollinger Band. The active corrective wave (ii) belongs to the short-term impulse wave 3 from the end of July. Silver is likely to rise further and re-test the next resistance level ...

Wave Tech Analysis

FxPro Forex Analysis: NZDCHF Wave Analysis – 09 August , 2018

• NZDCHF broke support zone • Further losses are likely NZDCHF recently broke sharply through the support zone lying between the support levels 0.6650 (which stopped the previous impulse wave 1) and 0.6700 (which has been reversing the price from last November). The breakout of this support zone accelerated the active short-term impulse wave 3 of the medium-term impulse wave (3) from April. NZDCHF is likely to fall further and re-test the next support level 0.6550 (target price for the ...

Wave Tech Analysis

FxPro Forex Analysis: EURGBP Wave Analysis – 08 August , 2018

• EURGBP broke resistance zone • Further gains are likely EURGBP continues to rise after the recent breakout of the resistance zone lying at the intersection of the primary resistance level 0.8950 (which has been reversing the price from last November) and the resistance trendline of the daily up channel from April. The breakout of this resistance zone accelerated the active medium-term impulse wave (C), inside which the pair has been rising from the end of May. EURGBP is likely to rise further ...

Wave Tech Analysis

FxPro Forex Analysis: Palladium Wave Analysis – 08 August , 2018

• Palladium falling inside minor impulse wave (iii) • Further losses are likely Palladium continues to fall inside the minor impulse wave (iii) which started recently from the resistance zone lying between the resistance level 935.00 (former support from June and July) and the 50% Fibonacci correction of the previous downward impulse from June. The active impulse wave (iii) belongs to the medium-term impulse wave C from the middle of April. Palladium is likely to fall further and re-test the ...

Wave Tech Analysis

FxPro Forex Analysis: AUDNZD Wave Analysis – 07 August , 2018

• AUDNZD broke key resistance level 1.0960 • Further gains are likely AUDNZD continues to rise inside the short-term impulse wave 3, which recently broke above the key resistance level 1.0960 (which has reversed the price numerous times from the end of May, as can be seen below). The breakout of the resistance level 1.0960 should accelerate the active impulse wave 3 - which belongs to the medium-term impulse wave (C) from the middle of June. AUDNZD is likely to rise further and re-test the next ...