Gold recently reversed up from the support area lying between the key support level 1716,00 (former strong resistance from the end of April and the start of May) and the 50% Fibonacci correction of the previous upward impulse from the start of May. The upward reversal from this area continues…

USDCAD recently reversed up from the support area lying between the key support level 1.38700 (which has been steadily reversing the pair from the middle of April), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse from the end of December. The upward reversal from…

EURUSD recently reversed down from the resistance area lying between the round resistance level 1.10000 (which stopped the previous correction (a)), upper daily Bollinger Band and the 38,2% Fibonacci correction of the previous downward impulse from the start of March. The downward reversal from this resistance area created the daily…

WTI recently broke through the resistance area lying between the key resistance level 32.15 (top of the previous wave 4 from April) and the 61.8% Fibonacci correction of the previous downward impulse from the start of March. The breakout of this resistance area accelerated the C-wave of the active ABC…

GBPAUD under bullish pressure after the earlier upward reversal from the support area lying between the strong long-term support level 1.85800 (low of wave (4) from November of 2019) and the lower daily Bollinger Band. The upward reversal from this support area started the active upward correction (iv). Given the…

GBPNZD recently reversed up sharply from the support area lying between the key multi-month support level 1.99000 (which also reversed the price sharply in the middle of March) and the lower daily Bollinger Band. The upward reversal from this support area stopped the previous downward impulse sequence 3 from the…

EURCHF recently reversed down sharply from the resistance area lying between the key resistance level 1.06500 (which has been reversing the price from the start of March) and the upper daily Bollinger Band. The downward reversal from this resistance area created the daily candlesticks reversal pattern Shooting Star. Given the…

NZDUSD recently reversed up with the daily Bullish Engulfing from the support area lying between the key support level 0.59300 (which has been reversing the price from the middle of April), lower daily Bollinger Band and the 38.2% Fibonacci correction of the earlier upward impulse wave A from the middle…

EURJPY today broke the resistance area lying between the pivotal resistance level 117.700 (which stopped the previous sharp upward correction at the end of April) and the 50% Fibonacci correction of the earlier downward impulse wave 3 from the middle of March. With the moderate bullish sentiment affecting euro today…

NZDJPY recently revered up sharply from the support area lying between the key support level 63.600 (which stopped the previous impulse waves 1 and (i)), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous ABC correction (2) from the middle of March. With the strong bullish sentiment…