CADJPY recently reversed down sharply from the strong resistance area lying between the key resistance level 84.600 (stopped the previous sharp impulse wave (i) in January, as can be seen below) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the previous short-term upward impulse…

Gold recently broke sharply above the major resistance level 1610.000 (former multi-month high the start of January, which stopped the previous sharp impulse wave 1). The breakout of this resistance level accelerated the active impulse wave (iii) – which is a part of the medium-term upward impulse sequence (3) from…

AUDUSD trading under the strong bearish pressure after the earlier breakout of the pivotal support level 0.66750 (former multi-month low from last October). The breakout of this support level accelerated the active impulse wave 5 – which belongs to the medium-term downward impulse sequence (C) from the end of December.…

NZDCHF recently broke below the key support level 0.62350 (which has been repeatedly reversing the price from last October, as can be seen form the daily NZDCHF chart below). The breakout of this support level strengthened the bearish pressure on this currency pair – accelerating the active impulse wave (3).…

WTI recently broke the resistance area lying between the resistance level 52.000 (former support from the end of January) and the 61.8% Fibonacci correction of the previous sharp downward impulse (v) from last month. The breakout of this resistance level accelerated the active short-term impulse wave (c). WTI is currently…

NZDCAD recently broke the support area lying between the key support level 0.85000 (which stopped the earlier impulse wave 1 in February) and the 61.8% Fibonacci correction of the previous sharp upward impulse wave from November- which accelerated the active impulse waves 3 and (3). Given the strong bearish sentiment…

AUDCAD recently broke key, multi-month support level 0.88300 (which stopped the price at the start of October). The breakout of this support level continues the active impulse waves (iii), 3 and (3) – which started in January. Given the clear daily downtrend and the strong bearish Australian dollar sentiment seen…

CADJPY recently broke the resistance area lying between the resistance level 83.000 (former strong support from December and January) and the 50% Fibonacci retracement of the earlier sharp downward correction from January. The breakout of this resistance area continues the active impulse waves (iii), 3 and (3). Given the clear…

NZDJPY recently reversed up sharply from the support area lying between the round support level 70.000 (former monthly high from November which previously formed two consecutive reversal patterns Morning Star) and the lower daily Bollinger Band. The upward reversal from this support area started the active impulse wave (3). Given…

GBPAUD recently reversed up from the support area lying between the key support level 1.9200 (low of the previous correction (iv)) and the 50% Fibonacci retracement of the earlier sharp upward impulse wave 1. The upward reversal from this support area started the active short-term impulse wave 3. Given the…