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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 ...

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 ...

Wave Tech Analysis

FxPro Forex Analysis: GBPCHF Wave Analysis – 18 September , 2018

• GBPCHF reversed from resistance zone • Further losses are likely GBPCHF recently reversed down from the resistance zone located between the pivotal resistance level 1.2730 (which also reversed the price in August, as can be seen below), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous downward impulse 1 from July. The downward reversal from this resistance zone started the active short-term impulse wave 3 – which belongs to the medium-term impulse wave (3) from ...

Wave Tech Analysis

FxPro Forex Analysis: Palladium Wave Analysis – 18 September , 2018

• Palladium broke key resistance level 970.00 • Further gains are likely Palladium recently broke above the key resistance level 970.00 (which has reversed the price multiple times from the end of August, as can be seen below). The breakout of the resistance level 970.00 is following the earlier breakout of the resistance zone lying at the intersection of the daily down channel from January and the 100-day moving average. Palladium is expected to rise further in the active medium-term impulse ...

Wave Tech Analysis

FxPro Forex Analysis: Sugar Wave Analysis – 17 September , 2018

• Sugar reversed from resistance zone • Further losses are likely Sugar recently reversed down from the combined resistance zone lying between the key resistance level 11.70, upper daily Bollinger Band, resistance trendline of the daily down channel from March and the 61.8% Fibonacci correction of the previous downward impulse 1 from May. The downward reversal from this resistance zone created the strong daily Japanese candlesticks reversal pattern Evening Star. Sugar is expected to fall ...