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#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.
#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).
#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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GOLD BUY ZONE (1890-1889)

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TP1: 1891.50
TP2: 1893
TP3: 1895

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GbpCad sell now
GbpCad Sell Now
@ 1.72500-1.72750

Tp 1 : 1.72300
Tp 2 : 1.72000
Tp 3 : 1.71500

Sl : 1.72950
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