Daniel_Thompson

Daniel_Thompson

#WaveAnalysis #EURGBP falling inside wave (ii) Likely to reach support level 0.8515 EURGBP currency pair continues to fall inside the minor corrective wave (ii), which started earlier from the key resistance level 0.8635. The active corrective wave (ii) belongs to the higher order upward impulse wave 1 from last month. Given the multi-month downtrend and the...

Daniel_Thompson

#WaveAnalysis #NZDJPY broke resistance zone Likely to rise to resistance level 91.00 NZDJPY currency pair rising steadily after the earlier breakout of the resistance zone located between the resistance level 89.00 and the resistance trendline of the daily up channel from April. The breakout of this resistance zone accelerated the active short-term impulse...

Daniel_Thompson

Pivot: 1926.00 Our preference: long positions above 1926.00 with targets at 1944.00 & 1952.00 in extension. Alternative scenario: below 1926.00 look for further downside with 1918.00 & 1912.00 as targets. Comment: the RSI is bullish and calls for further upside.

Daniel_Thompson

#WaveAnalysis #NZDCAD reversed from strong support level 0.8065 Likely to rise to resistance level 0.8230 NZDCAD currency pair recently reversed up with the daily Morning Star from the strong support level 0.8065 (low of the previous impulse wave 3) intersecting with the lower daily Bollinger Band. The upward reversal from the support level 0.8065 started the...

Daniel_Thompson

Pivot: 7430.00 Our preference: short positions below 7430.00 with targets at 7337.00 & 7300.00 in extension. Alternative scenario: above 7430.00 look for further upside with 7480.00 & 7524.00 as targets. Comment: the index currently faces a challenging resistance area at 7430.00

Daniel_Thompson

Pivot: 15020.00 Our preference: long positions above 15020.00 with targets at 15240.00 & 15370.00 in extension. Alternative scenario: below 15020.00 look for further downside with 14950.00 & 14850.00 as targets. Comment: the RSI calls for a bounce.

Daniel_Thompson

Pivot: 15950.00 Our preference: long positions above 15950.00 with targets at 16080.00 & 16150.00 in extension. Alternative scenario: below 15950.00 look for further downside with 15900.00 & 15845.00 as targets. Comment: the RSI is bullish and calls for further advance.

Daniel_Thompson

Pivot: 14850.00 Our preference: long positions above 14850.00 with targets at 15175.00 & 15320.00 in extension. Alternative scenario: below 14850.00 look for further downside with 14750.00 & 14630.00 as targets. Comment: the RSI is above its neutrality area at 50%.

Daniel_Thompson

#WaveAnalysis #AUDCAD broke key support level 0.8800 Likely to fall to support level 0.8700 AUDCAD under the bearish pressure after the price broke the key support level 0.8800 (which stopped the previous sharp downward impulse wave (1) at the end of May). The breakout of the support level 0.8800 should accelerate the active intermediate impulse wave...

Daniel_Thompson

#WaveAnalysis #WTI crude oil reversed from key support level 68.00 Likely to rise to resistance level 72.80 WTI crude oil recently reversed up from the key support level 68.00 (which has been reversing the price from the start of May) , coinciding with the lower daily Bollinger Band. The upward reversal from the support level 68.00 created the daily Japanese...

Daniel_Thompson

#WaveAnalysis #USDJPY broke resistance level 142.00 – Likely to rise to resistance level 145.00 USDJPY recently broke above the resistance level 142.00, former top of the minor correction (4) from last November. The breakout of the resistance level 142.00 coincided with the breakout of the wide daily up channel from January – which accelerated active...

Daniel_Thompson

Pivot: 1868.00 Our preference: short positions below 1868.00 with targets at 1840.00 & 1829.00 in extension. Alternative scenario: above 1868.00 look for further upside with 1878.00 & 1891.00 as targets. Comment: the RSI is bearish and calls for further decline.

Daniel_Thompson

Pivot: 15235.00 Our preference: short positions below 15235.00 with targets at 15060.00 & 14960.00 in extension 14700. Alternative scenario: above 15235.00 look for further upside with 15350.00 & 15450.00 as targets. Comment: the RSI is bearish and calls for further downside

Daniel_Thompson

Pivot: 7275.00 Our preference: short positions below 7275.00 with targets at 7145.00 & 7080.00 in extension. Alternative scenario: above 7275.00 look for further upside with 7324.00 & 7362.00 as targets. Comment: as long as the resistance at 7275.00 is not surpassed, the risk of the break below 7145.00 remains high.

Daniel_Thompson

Pivot: 15050.00 Our preference: long positions above 15050.00 with targets at 15270.00 & 15350.00 in extension. Alternative scenario: below 15050.00 look for further downside with 14960.00 & 14850.00 as targets. Comment: the next resistances are at 15270.00 and then at 15350.00.

Daniel_Thompson

#WaveAnalysis #GBPAUD rising inside impulse wave 3 Likely to reach resistance level 1.9130 GBPAUD currency pair continues to rise inside the minor impulse wave 3, which started earlier with the daily Bullish Engulfing from the support level 1.8525. The active minor impulse wave 3 belongs to the intermediate impulse sequence (3) from February. Given the...

Daniel_Thompson

Pivot: 7370.00 Our preference: short positions below 7370.00 with targets at 7245.00 & 7210.00 in extension. Alternative scenario: above 7370.00 look for further upside with 7415.00 & 7440.00 as targets. Comment: as long as 7370.00 is resistance, look for choppy price action with a bearish bias.

Daniel_Thompson

#WaveAnalysis #NZDJPY reversed from resistance level 88.00 Likely to fall to support level 87.20 NZDJPY currency pair recently reversed down after the pair failed to keep the ground above the key resistance level 88.00 (former multi-month high from last December). The downward reversal from the resistance level 88.00 stopped the 2 of the earlier upward impulse...