feedback
Wave Tech Analysis

FxPro Forex Analysis: EURNZD Wave Analysis – 20 July , 2018

• EURNZD reversed from resistance zone • Likely to fall further EURNZD recently reversed down from the resistance zone lying between the key resistance level 1.7300 (which has been reversing the price from May) and the upper daily Bollinger Band. The downward reversal from this resistance zone continues the active short-term ABC correction (ii) from the end of June. EURNZD is likely to fall further and re-test the next support level 1.7120 (low of the previous impulse wave i).

Wave Tech Analysis

FxPro Forex Analysis: Sugar Wave Analysis – 20 July , 2018

• Sugar reversed from support zone • Likely to rise further Sugar recently reversed up from the support zone lying between the key support level 0.1090 (which stopped the sharp downtrend in April) and the upper daily Bollinger Band. The upward reversal from this support zone completed the previous medium-term ABC correction (2) from the end of May. Given the oversold value of the daily Stochastic indicator - Sugar is likely to rise further and re-test the next resistance level 0.1154.

Wave Tech Analysis

FxPro Forex Analysis: EURGBP Wave Analysis – 19 July , 2018

• EURGBP broke key resistance level 0.8890 • Likely to rise further EURGBP recently broke above the key resistance level 0.8890 (which stopped the previous waves (i) and i in June and July, as can be seen below). The breakout of the resistance level 0.8890 accelerated the active minor impulse wave 3 – which belongs to the medium-term impulse wave (C) from May. EURGBP is likely to rise further and re-test the next resistance level 0.8970 (top of wave (B) and the target price for the completion ...

Wave Tech Analysis

FxPro Forex Analysis: Palladium Wave Analysis – 19 July , 2018

• Palladium broke round support level 900.00 • Likely to fall further Palladium continues to fall sharply after the earlier breakout of the key round support level 900.00 (which stopped the previous medium-term impulse wave (C) in April, as can be seen from the daily Palladium chart below). The breakout of the support level 900.00 accelerated the active medium-term ABC wave (2) from the middle of April. Palladium is likely to fall further and re-test the next support level 840.00 (former ...

Wave Tech Analysis

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

• GBPUSD broke key support level 1.3070 • Likely to fall further GBPUSD recently broke through the key support level 1.3070 (which has been repeatedly reversing the price from last October, as can be seen from the daily GBPUSD chart below). The breakout of this the support level 1.3070 accelerated the active medium-term impulse wave (3) from the start of July. GBPUSD is likely to fall further and re-test the next resistance level 1.2900 (former support from August of 2017).

Wave Tech Analysis

FxPro Forex Analysis: Natural Gas Wave Analysis – 18 July , 2018

• Natural Gas broke support area • Likely to fall further Natural Gas recently broke through the support area lying between the key support level 2.770 (which also reversed the price in May) and the 61.8% Fibonacci correction of the previous upward impulse from March. The breakout of this support area accelerated the active medium-term ABC corrective wave 2 from the middle of June. Natural Gas is likely to fall further and re-test the next support level 2.700 (monthly low form May and the ...

Wave Tech Analysis

FxPro Forex Analysis: CHFJPY Wave Analysis – 17 July , 2018

• CHFJPY broke resistance zone • Likely to rise further CHFJPY recently broke through the resistance zone lying between the key resistance level 112.00 (which has reversed the price multiple times from March) and 38.2% Fibonacci correction of the previous downward impulse (3) from February. The breakout of this resistance zone accelerated the active short-term impulse wave C from last month. CHFJPY is likely to rise further and re-test the next resistance level 113.50 (forecast price for the ...

Wave Tech Analysis

FxPro Forex Analysis: WTI Wave Analysis – 17 July , 2018

• WTI broke support zone • Likely to fall further WTI recently broke below the support zone lying between the round support level 70.00 and 50% Fibonacci correction of the previous sharp upward impulse 3 from June. The breakout of this support zone accelerated the active short-term impulse wave C which belongs to the ABC correction 4 from last month. WTI is likely to fall further and re-test the next support level 66.80 (former resistance level from the middle of June).

Wave Tech Analysis

FxPro Forex Analysis: USDCHF Wave Analysis – 16 July , 2018

• USDCHF reversed from resistance zone • Likely to fall further USDCHF recently reversed down sharply from the resistance zone lying between the key resistance level 1.0050 (which stopped the sharp uptrend in May) and the upper daily Bollinger Band. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star. With the clear bearish divergence on the daily RSI indicator - USDCHF is likely to fall further and re-test the next support ...