USDJPY recently broke the support area lying between the key support level 106.600 (which stopped the previous impulse wave (i)) and the 50% Fibonacci retracement of the previous impulse wave (1) from March. The breakout of this support area should accelerate the active impulse wave C. With the rising bullish…

GBPUSD recently reversed down from the resistance area lying between the key resistance level 1.26000 (top of the previous wave (2)), upper daily Bollinger Band and the 61.8% Fibonacci retracement of the previous ABC correction (2) from April. Given the moderately bearish Sterling sentiment and the medium bullish US dollar…

EURCAD recently reversed down from the resistance area lying between the pivotal resistance level 1.54350 (top of the previous wave (b)), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous ABC correction 2 from March. Given the strengthening bearish Euro sentiment and the strongly bullish Canadian dollar…

EURJPY today approached the key support area lying between the multi month support level 115.800 (which previously stopped the sharp weekly downtrend in September of 2019) and the lower weekly Bollinger Band. The upward reversal from the support level 115.800 stopped the previous impulse waves 3 and (3). Given the…

EURUSD recently reversed down from the resistance area lying between the round resistance level 1.10000 (which previously stopped the sharp upward correction in the middle of April), 61.8% Fibonacci correction of the previous downward impulse from March and the upper daily Bollinger Band. The downward reversal from this resistance area…

GBPCAD continues to fall after the earlier downward reversal from the resistance area lying between the key resistance level 1.77000 (which has been reversing the price from the end of March) and the upper daily Bollinger Band. Given the rising bullish Canadian dollar sentiment seen across the markets today -…

AUDCAD continues to rise inside the impulse wave (iii) which started earlier from the key support level 0.88340 (former resistance from the end of March). The active impulse wave (iii) belongs to the sharp impulse wave C of the medium-term ABC correction (2) from the middle of March. Given the…

USDCAD continues to rise inside the sharp upward impulse wave which started earlier from the support zone lying between the key support level 1.39000 (low of the previous corrective wave (a)), lower daily Bollinger Band and the 50% Fibonacci retracement of the previous sharp upward impulse from last December. Given…

Gold recently reversed down from the strong resistance zone lying between the round resistance level 1700.00 (top of the previous impulse wave 1) and the upper weekly Bollinger Band. The downward reversal from this resistance zone stopped the earlier weekly upward impulse wave 3 and likely to form the weekly…

EURJPY continues to fall inside the sharp impulse wave (iii) – which belongs to the downward impulse sequence 3 from the end of March (which is also a part of the strong downward impulse wave (C) from the middle of January). Given the moderately bearish sentiment affecting the Euro today…