EURUSD continues to fall inside the sharp weekly downward impulse wave 3, which started recently from the major resistance area lying between the long-term resistance level 1.14000 (which has been reversing the price from the star of 2019) and the upper weekly Bollinger Band. Given the strength of the active…

GBPAUD recently reversed down sharply from the resistance area lying at the intersection of the key resistance level 2.08000 (which stopped the earlier sharp impulse wave (i)) and the resistance trendline of the wide daily up channel from December of 2019. Given the strength of the aforementioned resistance area and…

AUDUSD continues to fall inside the sharp medium-term impulse wave (5) which previously broke the major round support level 0.60000. The breakout of the support level 0.60000 was preceded by the breakout of the two different length weekly down channels from December and January of 2018. Given the moderately bearish…

GBPUSD under bearish pressure after the earlier breakout of the key support level 1.22000 (which started the sharp uptrend in October of 2018, as can be seen from the daily GBPUSD chart below) – which accelerated the active impulse wave (iii) – which belongs to the medium-term impulse wave C…

USDCAD continues to rise sharply inside the multi-month impulse wave (3) – which previously broke through the major resistance area lying between the long-term key resistance level 1.36600 (which stopped the sharp uptrend in at the end of 2018. as can be seen from the weekly USDCAD chart below) and…

USDCHF continues to rise inside the weekly sharp upward correction which started recently from the major support area lying between the long-term support level 0.92000 (which stopped the multi-month downtrend at the start of of 2018, as can be seen from the weekly USDCHF chart below) and the lower weekly…

GBPCHF under bearish pressure after the earlier breakout of the key support level 1.16800 (which stopped the shard downtrend in August of 2019. as can be seen below). The breakout of the support level 1.16800 was preceded by the breakout of the support level 1.18400 (monthly low from September). Given…

AUDUSD recently broke the support level 0.62000 – which was preceded by the breakout of the lower trendline of the daily down channel from the end of 2018. These two support breakouts accelerated the active impulse waves 3 and (3). With the rising bearish Australian dollar sentiment and considering the…

USDJPY continues to rise after the earlier sharp upward reversal from the major support area lying between the pivotal support level 101.300 (last time it reversed the price was in 2016) and the lower weekly Bollinger Band. The upward reversal from this support area stopped the earlier extended onward impulse…

CADJPY recently reversed up sharply from the major support area lying between the long-term support level 75.000 (which started the sharp weekly uptrend at the end of 2016, as can be seen below) and the lower weekly Bollinger Band. The upward reversal from this support area stopped the earlier impulse…