GBPUSD recently reversed down from the resistance area lying between the key resistance level 1.26000 (which has been reversing the price from April), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous downward impulse from the start of March. Given the moderately bearish sentiment affecting the sterling…

Gold today reversed up from the support area lying between the key support level 1693.00 (which has been reversing the price from May), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous upward impulse from the start of April. Given the clear uptrend that can be seen…

AUDNZD recently reversed down from the resistance area lying between the long-term resistance level 1.08640 (monthly high from November) and the upper daily Bollinger Band. The downward reversal form this resistance area created the daily reversal pattern Shooting Star. Given the clear bearish divergence on the daily Stochastic indicator and…

EURCAD recently reversed up from the support area lying between the support level 1.50800 (which has been reversing the price from April), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse 1 from the middle of February. Given the strong bullish sentiment affecting the euro…

EURCHF under bullish pressure after the earlier breakout of the resistance area lying between the resistance level 1.07000 (monthly high from March) and the 61.8% Fibonacci correction of the previous downward impulse (1) from the middle of January. The breakout of this resistance area accelerated the active short-term impulse wave…

CADJPY recently broke the resistance level 78.45 (which has been reversing the price from the start of March) intersecting with the 38.2% Fibonacci correction of the previous sharp downward impulse (1) from the middle of February. The breakout of the resistance level 78.45 accelerated the active impulse wave C. Given…

GBPAUD recently reversed down from the resistance level 1.86000 (former strong support level from the start of November – acting as the resistance after it was broken by the active downward impulse wave 3 from, start of April. The downward reversal from the resistance level 1.8600 started the active short-term…

USDCHF recently reversed up sharply from the support zone lying between the key support level 0.95900 (which has been reversing the price form the middle of April) and the lower daily Bollinger band. The upward reversal from the aforementioned support area stopped the previous short-term impulse wave (iii). Given the…

Gold recently reversed up from the support zone lying between the key support level 1693.00 (low of the previous minor correction from the start of May), lower daily Bollinger band and the 38.2% Fibonacci retracement of the earlier upward impulse from the end of March. The upward reversal from the…

EURGBP today broke the key round resistance level 0.90000 (top of the previous impulse wave (1)) intersecting with the 38.2% Fibonacci correction of the previous sharp downward correction from March to April. the breakout of the resistance level 0.90000 continues the active medium-term impulse wave (3). Given the rising bullish…