NZDUSD has been falling in the last few trading sessions inside the impulse wave (iii) of the medium-term downward impulse sequence (C) from the end of December. The price earlier broke the support trendline of the daily up channel from September and the 50% Fibonacci retracement level of the earlier…

EURUSD recently broke the key support level 1.10000 (which has been reversing the price from the middle of October). This support level stopped the earlier waves (iv), (a), B and (i). This price level is acting as the strong resistance after it was broken. Given the moderate bullish US dollar…

Gold recently reversed up with the daily Morning Star from the support zone lying between the key support level 1550.00 (former resistance from August, which stopped the previous wave 2), lower daily Bollinger Band and the 38.25% Fibonacci correction of the previous sharp upward impulse wave 1. Given the strength…

WTI recently reversed up with the daily Morning Star from the support zone lying between the round support level 50.00 (multi-month low from August), support level 51.00 (multi-month low from October) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the previous short-term impulse wave…

USDCHF recently broke through the resistance level 0.97000 – which was set as the likely upward target in our earlier forecast for this currency pair. The breakout of the resistance level 0.97000 strengthened the bullish pressure on USDCHF – which accelerated the active correction 4. Given the moderate bullish Swiss…

CADCHF recently reversed up with the daily Morning Star from the support zone lying between the long-term support level 0.72650 (former double bottom from last August) and the lower daily Bollinger Band. The upward reversal from this support zone started the active short-term ABC correction (ii). Given the moderate bullish…

CADJPY recently reversed up with the daily Japanese candlesticks reversal pattern Morning Star from the support area located between the key support level 81.500 (which reversed the price in November and December) and the lower daily Bollinger Band. The upward reversal from this support zone started the active short-term impulse…

AUDUSD recently reversed up with the daily Japanese candlesticks reversal pattern Morning Star from the support zone lying between the key support level 0.66750 (former multi-month low from October) and the lower daily Bollinger Band. The upward reversal from this support zone started the active short-term corrective wave 4. Given…

USDCHF recently reversed up from the support area lying between the pivotal support level 0.96250 (low of the previous daily Japanese candlesticks reversal pattern Morning Star from the middle of July) and the lower daily Bollinger Band. The upward reversal from this support area stopped the previous impulse wave 5.…

AUDCAD recently reversed up with the daily Japanese candlesticks reversal pattern Piercing Line from the support zone lying between the key support level 0.88400 (multi-month low from October) and the lower daily Bollinger Band. The price earlier broke above the resistance level 0.88900 – which should strengthen the bullish pressure…