WTI recently reversed down from the key resistance level 41.00 (which has been reversing the price from the start of June) – intersecting with the upper daily Bollinger band. The downward reversal from this resistance level stopped the two previous upward corrections C and (2). Given the strength of the…

Gold recently broke above the round resistance level 1800.00 (which was set as the likely upward target in our previous forecast for this instrument). The breakout of the resistance level 1800.00 continues the active minor impulse wave 3 – which belongs to the multi-month upward impulse sequence (C) from March.…

GBPAUD recently broke above the resistance level 1.80800 (which has been steadily reversing the pair from the end of June, as can be seen below). The breakout of the resistance level 1.80800 accelerated the active minor ABC correction (ii) from the end of June. Given the steadily rising bullish sentiment…

GBPUSD continues to rise after the earlier breakout of the resistance level 1.25450 (which stopped the previous corrections (iv) and (a), as can be seen below). The breakout of the resistance level 1.25450 accelerated eth (c)- a wave of the ABC correction 2 from June. Given the moderately bullish sterling…

CADCHF recently reversed up from the support area lying between the key support level 0.69100 (which has been reversing the pair from the middle of May) and the lower daily Bollinger Band. The upward reversal from this support area stopped the earlier impulse wave 3 from last month. Given the…

AUDUSD recently reversed down from the resistance area lying between the resistance level 0.69750 (top of the previous minor correction (a) from the middle of June) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the (c)-wave of the earlier ABC correction B. Given the…

GBPCAD continues to rise after the earlier sharp upward reversal with the daily Morning Star from the support area lying between the powerful support level 1.67600 (low of the previous extended ABC correction (2) from the start of May) and the lower daily Bollinger Band. Given the rising daily momentum…

GBPAUD continues to rise inside the short-term impulse wave (i) which started recently from the support area lying between the support level 1.78650 (which also stopped the previous extended impulse wave 5 at the end of June) and the lower daily Bollinger Band. Given the strong bullish sentiment affecting the…

EURUSD continues to rise inside the short-term corrective wave (ii) which started recently from the support level 1.12000 (which also stopped the previous minor impulse wave (i)), standing near the lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous impulse wave (c) from April. Given the rising…

EURNZD continues to rise after the recent upward reversal from the key support level 1.72250 (low of the previous Bullish Engulfing from the start of June), standing near the lower daily Bollinger Band. Given the oversold reading on the daily Stochastic indicator and the strongly bullish sentiment affecting the Euro…