EURUSD continues to rise inside the short-term correction (ii), which started recently from the support area located between the key support level 1.07850 (former monthly low from February) and the 61.8% Fibonacci retracement of the previous upward wave (ii) from the middle of March . Given the moderately bearish sentiment…

GBPNZD recently reversed up from the support area located between the pivotal support level 2.04850 (former multi-month resistance level from October of 2019) and the 50% Fibonacci retracement of the previous strong upward impulse from the middle of March. Given the strength of the daily uptrend and the rising bullish…

GBPAUD recently reversed up from the support area located between the key support level 1.96000 (which stopped the previous wave (A) in March), lower daily Bollinger Band and the 61.8% Fibonacci retracement of the previous sharp upward impulse (C) from last December. Given the moderately bullish Sterling sentiment seen across…

WTI has been rising in the last few trading sessions - in line with our earlier forecast for this instrument. The price is currently trading near the resistance area located between the key resistance level 30.40 (top of the previous correction (b)) and the 38.2% Fibonacci retracement of the previous…

EURCAD recently reversed up from the support zone located between the support level 1.52150 (low of the previous sharp correction (a) from the middle of March), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse (i) from February. Given the proximity of the aforementioned support…

GBPAUD recently reversed up from the support zone located between the support level 1.98750 (low of the previous spike from the end of March), lower daily Bollinger Band and the 61.8% Fibonacci retracement of the previous upward impulse (i) from last month. The upward reversal from this support stopped the…

CADJPY recently reversed down from the resistance area lying between the pivotal resistance level 78.000 (which has reversed the two previous corrections (a) and (b) in March), upper daily Bollinger Band and the 38.2% Fibonacci retracement of the pervious downward impulse from February. Given the strength of the aforementioned resistance…

USDCAD recently reversed up from the support area lying between the key support level 1.39550 (low of the pervious wave (b)), lower daily Bollinger Band and the 38.2% Fibonacci retracement of the pervious upward impulse from January. The upward reversal from this support stopped the pervious short-term impulse wave (i)..…

CHFJPY continues to rise inside the sharp impulse wave (iii), which started recently from the strong support area lying between the powerful long term support level 110.20 (former strong resistance from October and November, which has been reversing the price from March), lower daily Bollinger Band and the 61,8% Fibonacci…

EURJPY recently broke through the resistance area lying between the resistance level 118.000 and the 38.2% Fibonacci retracement of the pervious downward impulse from the end of March. The breakout of this resistance area accelerated the active short-term correction (b). Given the strongly bearish Japanese Yen sentiment seen across the…