#FTSE100, #SILVER, #NZDUSD Wave Analysis (29 April 2022)

Posted by Clara Mellor on 23:27 with No comments

 FTSE 100 Wave Analysis

  • FTSE 100 reversed from support level 7345.00
  • Likely to rise to resistance level 7535.00

FTSE 100 index recently reversed up from the support level 7345.00, intersecting with the 38.2% Fibonacci correction of the upward ABC correction 2 from the start of March.

The upward reversal from the support level 7345.00 created the daily candlesticks reversal pattern Piercing Line.

FTSE 100 can be expected to rise further toward the next resistance level 7535.00 (former support from the start of April).

Silver Wave Analysis

  • Silver broke support level 24.00
  • Likely to fall to support level 22.00

Silver recently broke the support level 24.00, intersecting with the 38.2% Fibonacci correction of the upward impulse from the end of last year.

The breakout of the support level 24.00 accelerated the active intermediate ABC correction (2).

Silver can be expected to fall further toward the next support level 22.00 (target for the completion of the active ABC correction (2)) .

NZDUSD Wave Analysis

  • NZDUSD broke long-term support level 0.6535
  • Likely to fall to support level 0.6400

NZDUSD currency pair recently broke the long-term support level 0.6535, which has been repeatedly reversing the price from the end of 2020.

The breakout of the support level 0.6535 continues the active intermediate impulse wave (3) from last year.

NZDUSD can be expected to fall further toward the next support level 0.6400 (target price for the completion of the active impulse wave (3)).


For more forex gold Indices analysis, Signals and Account management services text me on my telegram: Claramellor

#Singapore #Dubai #Brasil  #UAE #USA #Amsterdam #Brussels #Dublin #Lisbon #London #Paris #fx #fxinvestment #fxanalysis #fxtrader #scalping #xauusdgold #xauusdsignals #xauusdsignals #xauusdtrader #Singapore #Hongkong #Dubai #UK #Russia #Serbia #Germany #Kuwait #Malaysia