GBPNZD continues to fall after the recent breakout of the key support level 1.91500 (which has been reversing the price from the middle of June). The breakout of this support level continues the active medium-term impulse wave (5) from the start of June. Given the strength of the downtrend on…

AUDUSD continues to rise inside the short-term corrective wave D which started recently from the support level 0.68000 (which has been reversing the price from the middle of June – ending the previous corrections A, (b) and C, as can be seen below). Given the clear bullish Australian dollar sentiment…

Gold continues to rise inside the short-term impulse wave (iii) which started recently from the key support level 1750.00 (former major resistance level which stopped the price in April and May as can be seen from the daily Gold chart below). Given the clear daily uptrend - Gold is likely…

XTIUSD recently reversed up from the support level 37.00, intersecting with the 50% Fibonacci retracement of the previous upward price move from the end of May. The upward reversal from the support level 37.00 started the active short-term impulse wave (iii) – which belongs to higher-order impulse wave C from…

AUDNZD today broke below the pivotal support level 1.06500 (which has been reversing the price from the middle of June). The breakout of the support level 1.06500 continues the active short-term impulse wave (c) of the short-term ABC correction 2 from the end of June. Given the overriding pro-NZD sentiment…

NZDCAD continues to rise sharply after the earlier breakout of the key, multi-month resistance level 0.88000 (which has been steadily reversing this currency pair from the end of December). The breakout resistance level 0.88000 accelerated the active short-term impulse wave 5 of the medium term impulse wave (C). Given the…

EURGBP recently reversed down with the daily Bearish Engulfing from the resistance zone lying between the resistance level 0.91300, upper daily Bollinger band, resistance trendline of the daily up channel from May and the 61.8% Fibonacci correction of the earlier sharp downward correction (A) from March. Given the strength of…

CHFJPY recently reversed down from the resistance zone lying between the pivotal key resistance level 114.000 (which has been reversing the price from the middle of January) and the upper daily Bollinger band – which stopped the previous short-term impulse wave 3. Given the strength of the aforementioned resistance zone…

CADJPY recently reversed up with the daily Bullish Engulfing from the support zone lying between the pivotal support level 78.200 (former resistance from March and April) and the 50% Fibonacci retracement of the previous upward impulse from the start of May. Given the moderately resistance Yen sentiment seen across the…

EURCAD recently reversed down with the daily Shooting Star from the resistance zone lying between the key resistance 1.54000 (which has been repeatedly reversing the price from the start of April), upper daily Bollinger band and the 38.2% Fibonacci correction of the earlier ABC correction 2 from the middle of…