AUDNZD has been under the bullish pressure lately rising inside the short term impulse wave (c) – which belongs to the extended multi-week upward ABC correction 2 from the middle of March. The price earlier broke the resistance level 1.07500 (top of the previous wave (a)) – which strengthened the…

NZDCHF recently reversed up from the support area lying between the key support level 0.57550 (former double bottom from the middle of April), lower daily Bollinger band and the 50% Fibonacci retracement of the previous ABC correction from March to the end of last month. With the strengthening bearish Swiss…

Gold has been rising steadily in the last few trading session and is currently trading close to the key resistance level 1738.00 (top of the previous short term correction (b) from the middle of April) intersecting with the upper Bollinger band. If gold breaks above the resistance level 1738.00 on…

NZDCHF continues to fall inside the medium-term impulse wave (3) – which started earlier from the resistance area lying between the key resistance level 0.59600 (former monthly high from April), upper Bollinger band and the 38.2% Fibonacci correction of the previous sharp downward impulse wave from February. With the strengthening…

EURUSD recently reversed up with the daily candlesticks reversal pattern Hammer from the key support level 1.07700 (which ah been repeatedly reversing the price from the start of April), strengthened by the proximity of the lower daily Bollinger band. With the moderately bullish euro sentiment seen across the markets today…

WTI has been under bullish pressure lately. The price is currently trading close to resistance level 27.40 (which stopped the A-wave of the active ABC correction (4) earlier this month) – intersecting with the 50% Fibonacci correction of the previous sharp downward impulse from March. If WTI breaks above the…

AUDUSD recently reversed down from the resistance zone lying between the pivotal resistance level 0.65600 (top of the previous impulse wave A) and the upper daily Bollinger Band. The downward reversal from this resistance zone started the active short-term impulse wave ©. With the growing bearish Australian dollar sentiment seen…

EURJPY recently reversed down from the resistance zone lying between the key resistance level 117.000 (former key support from March and April), 50% Fibonacci correction of the previous sharp downward impulse from April and the resistance trendline of the narrow down channel from last month. With the moderately bullish Japanese…

NZDCAD recently reversed down sharply from the resistance zone lying between the resistance level 0.85600 (which has been reversing the price from the middle of March), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp downward impulse from December. With the moderately bullish Canadian dollar sentiment…

GBPNZD recently reversed up from the support zone lying between the support level 2.01020 (which reversed the price multiple times in March), lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp upward impulse from December. With the rising bullish sentiment affecting the Sterling dollar today, which…