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Wave Tech Analysis

FxPro Forex Analysis: AUDUSD Wave Analysis – June 22, 2018

• AUDUSD reversed from support area • Further gains are likely AUDUSD recently reversed up sharply from the powerful the support area lying between strong, multi-month support level 0.7330 (which also reversed the price sharply in May of 2017) and lower weekly Bollinger Band. The upward reversal from this support area is likely to create the weekly Japanese candlesticks reversal pattern Hammer. With the oversold weekly Stochastic, AUDUSD is likely to rise further and re-test the next resistance ...

Wave Tech Analysis

FxPro Forex Analysis: Soy Wave Analysis – June 22, 2018

• Soy reversed from support area • Further gains are likely Soy recently reversed up sharply from the support area lying between the major support level 8.5250 (which previously reversed the price multiple times in 2015 and 2016, as can be seen from the weekly Soy chart below), and the lower daily Bollinger Band. The upward reversal from this support area stopped the previous medium-term impulse wave (3) from the start of this year. Given the oversold weekly Stochastic, Soy is likely to rise ...

Wave Tech Analysis

FxPro Forex Analysis: GBPNZD Wave Analysis – June 21, 2018

• GBPNZD broke key resistance level 1.9250 • Further gains are likely GBPNZD continues to rise inside the short-term impulse wave (iii), which started earlier from the support area lying between strong support level 1.8950 (which reversed the price in February and March) and lower daily Bollinger Band. The price today broke through the key resistance level 1.9250 (former support from April and May) – which should accelerate the active impulse wave (iii). GBPNZD is likely to rise further and ...

Wave Tech Analysis

FxPro Forex Analysis: Natural Gas Wave Analysis – June 21, 2018

• Natural Gas reversed from support area • Further gains are likely Natural Gas recently reversed up from the support area lying between the pivotal support level 2.870 (which has been reversing the price from May), upper trendline of the recently broken up channel from February, 200-day moving average and the lower daily Bollinger Band. The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Bullish Engulfing – which continued the active impulse wave ...

Wave Tech Analysis

FxPro Forex Analysis: NZDUSD Wave Analysis – June 20, 2018

• NZDUSD broke support area • Further losses are likely NZDUSD continues to fall after the earlier breakout of the support area lying between support level 0.6870 (which reversed the price at the end of May) and upward-sloping support trendline from the middle of November. The breakout of the aforementioned support zone accelerated the active downward impulse wave c of the minor ABC correction 2 from the start of June. NZDUSD is likely to fall further and re-test the next support level 0.6850 ...

Wave Tech Analysis

FxPro Forex Analysis: Brent Crude Oil Wave Analysis – June 20, 2018

• Brent Crude Oil reversed from support area • Further gains are likely Brent Crude Oil continues to rise after the earlier upward reversal from the support area lying between support levels 73.50 and 72.50 (which have been steadily reversing the price from the end of April). This support area was further strengthened by the lower daily Bollinger Band and by the support trendline of the daily up channel from February. The upward reversal from the aforementioned support zone created the daily ...

Wave Tech Analysis

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

• AUDUSD broke support area • Further losses are likely AUDUSD continues to fall after the earlier breakout of the support area lying between key support levels 0.7470 (which reversed the previous wave (B) in May) and 0.7410 (which stopped the previous sharp downtrend with the daily reversal pattern Morning Star at the start of May). The breakout of the aforementioned support area accelerated the active downward impulse sequence ③ from the start of June. AUDUSD is likely to fall further and ...

Wave Tech Analysis

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

• Platinum broke long-term support level 880.00 • Further losses are likely Platinum today broke below the major, long-term support level 880.00 (which reversed the previous sharp downward impulse waves 1 and (i) in December and in May respectively). The price earlier reversed down from the resistance trendline of the daily down channel from January – which created the daily reversal pattern Shooting Star. The breakout of the support level 880.00 accelerated the active short-term downward ...

Wave Tech Analysis

FxPro Forex Analysis: GBPUSD Wave Analysis – June 18, 2018

• GBPUSD falling inside impulse wave (3) • Further losses are likely GBPUSD continues to fall inside the medium-term downward impulse wave (3), which started earlier from the resistance area lying between key resistance level 1.3450 (former support level from May), upper daily Bollinger Band and 61.8% Fibonacci correction level of the previous sharp downward impulse from last month. The active intermediate impulse wave (3) belongs to the sharp primary downward impulse sequence ③ from the middle ...