#USDCHF and #Gold Wave Analysis (17 MAY 2022)

Posted by Clara Mellor on 23:01 with No comments

 

Gold Wave Analysis

  • Gold reversed from support zone
  • Likely to rise to resistance level 1825.00

Gold today reversed up from the support zone located between the key support at 1790.00 (which has been reversing the price from December) and the lower daily Bollinger Band.

The upward reversal from the support zone is currently forming the daily Hammer candlesticks reversal pattern.

Given the strongly oversold daily Stochastic – Gold can be expected to rise further toward the next resistance level 1825.00


USDCHF Wave Analysis

  • USDCHF reversed from party
  • Likely to rise to 1.0100

USDCHF continues to rise after the earlier upward reversal from the strong support at parity, 1.000 (earlier resistance from the start of May).

The upward reversal from the parity continues the active short-term impulse waves 5 and (C).

USDCHF can be expected to rise further toward the next resistance level 1.0100, coinciding with the upper trendline of the daily up channel from the start of April.


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

best Forex signal telegram group

#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