#GBPCHF AND #CADJPY Wave Analysis (07 JUNE 2022)

 #GBPCHF

• GBPCHF reversed from round support level 1.2000
• Likely to reach resistance level 1.22

GBPCHF recently reversed up from the key round support level 1.2000 (which has been repeatedly reversing the pair from the end of May) .

The support zone near the support level 1.2000 was strengthened by the lower daily Bollinger Band.

Having just broken above the key resistance 1.2110 (which has stopped all advances at the end of May), GBPCHF can be expected to rise further toward the next resistance level 1.22 (top of wave (ii) from last month).

#CADJPY

• CADJPY broke resistance level 102.00
• Likely to test resistance level 105.00

CADJPY recently broke above the strong resistance level 102.00 (which has been reversing the pair since the middle of April) .

The breakout of the resistance level 102.00 accelerated the active medium-term impulse wave (3) – which started earlier from the key support level 98.40.

Given the strong daily uptrend – CADJPY currency pair can be expected to rise further toward the next resistance level 105.00 (target price for the completion of the active impulse wave (3)).

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

 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)).

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