AUDCAD continues to fall inside the short-term impulse wave 3, which started earlier from the round resistance level 0.9000. The active impulse wave 3 belongs to the medium-term impulse sequence (3) from the end of January. Given the strong bearish Australian dollar sentiment seen across the markets today and the…

WTI recently reversed down from the resistance area lying between the key resistance level 51.700 (former strong support from October of 2019, acting as resistance after it was broken by the previous sharp downward impulse wave (i)) and the 50% Fibonacci correction of the previous downward impulse from last month.…

GBPUSD recently reversed up from the support area located at the intersection of the support level 1.29000 (low of the previous impulse wave (1)), lower daily Bollinger Band and the 50% Fibonacci correction of the previous sharp upward impulse (C) from October. With the moderate bullish Sterling sentiment seen across…

EURCAD recently reversed up from the powerful support area lying between the major, long-term support level 1.44300 (which has been reversing the price from the middle of 2017) and the lower weekly Bollinger Band. With the moderate bearish sentiment affecting Canadian dollar at the moment, EURCAD is likely to rise…

EURJPY recently reversed up with the daily Japanese candlesticks reversal pattern Doji from the support area lying between the key support level 119.600 (former strong support from November), lower daily Bollinger Band and the 50% Fibonacci retracement of the earlier extended upward impulse from September. With the strong bearish sentiment…

CADJPY continues to rise after the recent breakout of the resistance area lying between the key resistance level 82.800 (former support from January) and the 38.2% Fibonacci correction of the pervious downward ABC correction (ii) from the start of this year. Given the clear daily uptrend and the strong bearish…

EURCAD has been falling strongly in the last few trading sessions inside the impulse wave (3), which started recently from the resistance area lying between the multi-month resistance level 1.47000 (which has been steadily reversing the price from September), upper daily Bollinger Band and the 50% Fibonacci correction of the…

NZDJPY recently reversed up from the support area lying between the key support level 70.000 (former strong resistance from October and November, which created the previous Japanese candlesticks reversal pattern Morning Star) and the lower daily Bollinger Band. The upward reversal from this support area continues the active long-term impulse wave…

USDCAD recently reversed down from the strong resistance area lying between the key resistance level 1.33120 (former monthly high from October and November) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the earlier short-term ABC correction (ii). Given the strength of the aforementioned resistance…

AUDUSD recently reversed up from the support area lying between the support level 0.66750 (which stopped the extended downtrend in October) and the lower daily Bollinger Band. The same area created the daily Morning Star earlier this month – as can be seen from the daily AUDUSD chart below. Given…