EURUSD recently reversed up from the support zone located between the key support level 1.11450 (former resistance from the end of March), support trendline of the daily up channel from April, and the 38.2% Fibonacci correction of the previous upward impulse wave (c) from the end of April. The upward…

EURJPY recently reversed up from the support area located between the pivotal support level 119.000 (former resistance from April) and the 50% Fibonacci correction of the previous sharp upward impulse wave 1 from the start of May. The upward reversal from this support area created the daily candlesticks reversal pattern…

CADJPY recently reversed up from the support area located between the key support level 78.21 (former resistance level which reversed the price multiple times in March and April, as can be seen below)) and the 50% Fibonacci correction of the previous upward impulse from the start of May. Given the…

AUDJPY today reversed up sharply from the support area lying between support level 72.60 (which stopped the previous correction (a)), lower daily Bollinger Band and the 38.2% Fibonacci correction of the recent sharp upward impulse wave (1) from the start of May. Given the clear bearish yen sentiment seen across…

Gold recently reversed up with the daily Hammer from the round support level 1700.00, standing near the lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous upward impulse from March of 2018. The upward reversal from this support level started the active impulse wave  3. Given the…

GBPAUD recently broke the strong support level 1.80900 (which has been reversing the price from the October of 2019). The breakout of the support level 1.80900 continues the active short-term impulse wave 5 – which belongs to extended downward impulse sequence (C) from April. Given the moderately bullish Australian dollar…

GBPCHF today broke the key support level 1.18000 (which has been steadily reversing the price from the middle of May). The breakout of the support level 1.18000 should accelerate the active impulse wave 3 – which belongs to wave (3) from the start of June. Given the strong bearish sterling…

XTIUSD recently reversed up from pivotal support level 35.00 (former resistance from the end of May). The upward reversal from this support level started the (b) wave of the active ABC correction B from the middle of April. Given the fact that the daily Stochastic indicator has recently recovered back…

CHFJPY recently reversed up from the support area lying between the key support level 112.500 (former strong resistance from April) and the 38.2% Fibonacci retracement of the pervious sharp upward impulse wave 1 from the start of May. Given the rising bearish yen sentiment seen across the FX markets today…

GBPCAD continues to fall inside the short-term corrective wave (ii) which previously broke the support trendline of the daily down channel from the end of May – which strengthened the bearish pressure on this currency pair . Given the prevailing bearish sterling sentiment seen today coupled with the growing Canadian…