AUDCHF has been falling sharply in the last few trading sessions – breaking through the support trendlines of the two different- length daily down channels from November and also from the start of 2018. The breakout of these down channels accelerated the active impulse waves (v), 3 and (C). Given…

CADJPY continues to fall inside the short-term corrective wave 2 - which started recently from the the key resistance level 84.60 (former monthly high from January) – strengthened by the upper daily Bollinger Band. The price earlier broke the support level 81.50 – which accelerated the active correction 2. With…

USDCHF continues to fall inside the strong downward impulse wave 1  which started recently from the resistance area lying between the key resistance level 0.98400 (former monthly low from October) and 50% Fibonacci correction of the previous downward impulse wave 1 from November. With the strong bearish US dollar sentiment…

EURCAD continues to rise sharply inside the medium-term impulse wave (1) – which started previously from the support area lying between the support level 1.43000 and the lower weekly Bollinger Band. The upward reversal from this support area created the weekly candlesticks reversal pattern Hammer. The price is expected to…

WTI under bearish pressure after the earlier breakout of the key support level 49.230 (which stopped the previous sharp downward impulse wave 1 in February). The breakout of this support level accelerated the active impulse wave 3 – which started previously from the resistance area lying between the powerful resistance…

GBPNZD recently reversed down from the resistance area lying between the major long-term resistance level 2.05500 (which stopped the sharp uptrend in October) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the previous impulse waves 3 and (3). Given the strength of the resistance…

NZDCHF recently broke the multi-month support level 0.61600 (which stopped the previous sharp daily downtrend in August of 2019, as can be seen from the daily NZDCHF chart below). The breakout of this support level accelerated the active medium-term impulse sequence (3). Given the clear daily downtrend and the powerful…

GBPCAD recently broke the resistance trendline of the daily Down Channel (which enclosed the previous shortterm ABC correction 2 from the end of January). The breakout of this Down Channel continues the active impulse wave 3 – which started earlier from the round support level 1.70000. Given the strongly bullish…

USDJPY recently reversed down sharply from the resistance area lying between the long-term resistance level 112.300 (which has been reversing the price from the start of 2019) and the upper weekly Bollinger Band. The downward reversal from this resistance area stopped the previous intermediate impulse sequence (3) from the start…

GBPJPY recently reversed down sharply from the resistance area lying between the pivotal resistance level 144.300 (which has been repeatedly reversing the price from December), upper daily Bollinger Band and the 50% Fibonacci retracement of the previous downward impulse wave (1). The downward reversal from this resistance area stopped the…