GBPNZD recently reversed down sharply from the resistance zone lying between the pivotal resistance level 2.03800 (top of the previous wave (b), which created the previous reversal pattern Falling Star Doji in December) and the lower daily Bollinger Band. Given the strength of the resistance level 2.03800 and the rising…

AUDCAD recently reversed up sharply from the support area lying between the key support level 0.88400 (former multi-month low from October, previous sell target set in our earlier forecast for this instrument) and the lower daily Bollinger Band. Given the rising bullish sentiment affecting the Australian dollar today – AUDCAD…

GBPAUD recently broke through the key resistance level 1.9520 (which created the two Japanese candlesticks reversal patterns Hammer in the middle of December, as can be seen below). The breakout of the resistance level 1.9520 accelerated the active impulse waves (v) and 3 – which belong to wave (3) from…

AUDCAD under bearish pressure after the earlier breakout of the support area lying between the key support level 0.8900 (which has been reversing the price in the last three months) and the support trendline of the daily up channel from October. Given the predominantly bearish Australian dollar sentiment seen across…

Silver recently reversed up with the daily Margin Star from the support area lying between the key support level 17.40 (former resistance from December), lower daily Bollinger Band, support trendline of the narrow down channel from the start of January and the 61.8% Fibonacci retracement of the previous sharp impulse…

USDCHF recently reversed down with the daily candlesticks reversal pattern Shooting Star Doji from the strong resistance area lying between the resistance level 0.9750 (top of the previous correction (iv)), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp downward impulse from November. Given the strength…

EURUSD recently reversed up with from the support area lying between the pivotal support level 1.0990 (double bottom from November) and the lower daily Bollinger Band. The upward reversal form this support area stopped the previous impulse waves (iii) and 3. Given the moderately bullish sentiment affecting Euro today -…

WTI under bearish pressure following the earlier downward reversal from the key resistance level 54.00 (former support from the end of October, acting as the resistance after it was broken by the active sharp downward impulse waves 3 and (3)). The downward reversal from the resistance level 54.00 created the…

AUDCAD is currently trading close to the powerful, multi-month support area lying between the support level 0.89050 (low of the previous impulse wave (1) from the start of January), support level 0.88850 (low of the Morning Star from October) and the lower daily Bollinger Band. Given the strength of the…

NZDJPY recently broke the support area lying between the support level 71.35 (low of the previous Hammer from the start of January), support trendline of the daily up channel from October and the 38.2% Fibonacci correction of the previous sharp upward impulse from November. The breakout of this support zone…