#WaveAnalysis #UK100
#FTSE100 index reversed from support level 7200
Likely to rise to resistance level 7400
FTSE100 index recently reversed up from the powerful support level 7200 (former multi-month low from March), coinciding with the lower daily Bollinger Band.
The support level 7200 was further strengthened by the nearby support trendline of the wide daily down channel from April.
Given the strength of the support level 7200 and the oversold daily Stochastic, FTSE100 index can be expected to rise further toward the next resistance level 7400.
#FTSE100 index reversed from support level 7200
Likely to rise to resistance level 7400
FTSE100 index recently reversed up from the powerful support level 7200 (former multi-month low from March), coinciding with the lower daily Bollinger Band.
The support level 7200 was further strengthened by the nearby support trendline of the wide daily down channel from April.
Given the strength of the support level 7200 and the oversold daily Stochastic, FTSE100 index can be expected to rise further toward the next resistance level 7400.
#WaveAnalysis
#CADCHF reversed from support level 0.6480
Likely to rise to resistance level 0.6550
CADCHF currency pair recently reversed up from the powerful support level 0.6480 (which has been reversing the price from May), coinciding with the lower daily Bollinger Band.
The upward reversal from the support level 0.6480 is likely to form the daily Japanese candlesticks reversal pattern Bullish Engulfing.
Given the strength of the support level 0.6480 and the oversold daily Stochastic, CADCHF can be expected to rise further toward the next resistance level 0.6550 (top of the previous correction 2).
#CADCHF reversed from support level 0.6480
Likely to rise to resistance level 0.6550
CADCHF currency pair recently reversed up from the powerful support level 0.6480 (which has been reversing the price from May), coinciding with the lower daily Bollinger Band.
The upward reversal from the support level 0.6480 is likely to form the daily Japanese candlesticks reversal pattern Bullish Engulfing.
Given the strength of the support level 0.6480 and the oversold daily Stochastic, CADCHF can be expected to rise further toward the next resistance level 0.6550 (top of the previous correction 2).
#WaveAnalysis
#EURCHF reversed from support level 0.9530
Likely to rise to resistance level 0.9640
EURCHF currency pair recently reversed up from the key support level 0.9530 (which stopped the sharp downtrend in July), coinciding with the lower daily Bollinger Band.
The upward reversal from the support level 0.9530 stopped the previous short-term impulse wave 3.
Given the strength of the support level 0.9530 and the bullish divergence on the daily Stochastic, EURCHF can be expected to rise further toward the next resistance level 0.9640 (top of the previous waves (4) and 2).
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#EURCHF reversed from support level 0.9530
Likely to rise to resistance level 0.9640
EURCHF currency pair recently reversed up from the key support level 0.9530 (which stopped the sharp downtrend in July), coinciding with the lower daily Bollinger Band.
The upward reversal from the support level 0.9530 stopped the previous short-term impulse wave 3.
Given the strength of the support level 0.9530 and the bullish divergence on the daily Stochastic, EURCHF can be expected to rise further toward the next resistance level 0.9640 (top of the previous waves (4) and 2).
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#WaveAnalysis
#GBPCAD reversed from major resistance level 1.7240
Likely to fall to support level 1.7000
GBPCAD currency pair recently reversed down from the major resistance level 1.7240 (which has been reversing the price from the end of August).
The downward reversal from the resistance level 1.7240 created eth daily candlesticks reversal pattern Dark Cloud Cover.
Given the strength of the resistance level 1.7240, GBPCAD can be expected to fall further to the next support level 1.7000 (low of the previous correction ii).
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#GBPCAD reversed from major resistance level 1.7240
Likely to fall to support level 1.7000
GBPCAD currency pair recently reversed down from the major resistance level 1.7240 (which has been reversing the price from the end of August).
The downward reversal from the resistance level 1.7240 created eth daily candlesticks reversal pattern Dark Cloud Cover.
Given the strength of the resistance level 1.7240, GBPCAD can be expected to fall further to the next support level 1.7000 (low of the previous correction ii).
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