GBPAUD recently broke the resistance area lying between the pivotal resistance level 1.91000 (which reversed the previous impulse wave 1) and the 50% Fibonacci correction of the previous sharp downward impulse from December. The breakout of this resistance zone accelerated the active impulse waves (3), 3 and (iii). Given the…

AUDUSD recently broke below the support area lying between the key support level 0.68000 (which reversed the price sharply in December), support trendline of the daily up channel from October and the 61.8% Fibonacci correction of the previous sharp upward impulse from December. The breakout of the aforementioned support zone…

Gold recently reversed up from the key support level 1540.00 (former strong resistance from September, acting as the support now after it was broken by the previous sharp upward impulse wave 1 from the start of January) – which started the active impulse wave 3. Given the clear uptrend visible…

NZDJPY recently reversed up from the support zone located at the intersection of the key support level 71.80 (which reversed the previous waves 4 and (1), as can be seen below), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp upward impulse from November. With the…

CADJPY recently reversed up with the daily Hammer from the support zone located at the intersection of the key support level 83.00 (former resistance from November, which has been reversing the price from the middle of December), support trendline from August and the lower daily Bollinger Band. With the moderately…

WTI recently broke sharply through the key support zone located at the intersection of the support level 58.00 (which has been reversing the price from the start of December), support trendline of the daily up channel from October and the 50% Fibonacci retracement of the previous sharp upward impulse from…

CADCHF recently broke below the key support level 0.73750 (which reversed the price with two consecutive daily Japanese candlesticks reversal patterns Hammer earlier this month – as can be seen below). The breakout of the support level 0.73750 accelerated the active impulse waves 3 and (3). Given the rising bearish…

EURJPY continues to fall inside the short-term corrective wave 4, which started recently from the resistance area located between the key resistance level 122.500 (former double top from December), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp downward impulse wave from last April. Given the…

NZDJPY under bearish pressure after the earlier downward reversal from the resistance area located between the key resistance level 73.150 (which has been reversing the price from July), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous extended impulse wave from last March. Given the strength of…

AUDCHF recently reversed up from the support area located between the key support level 0.66200 (low of the previous daily Hammer from the start of January), lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous ABC correction (4) from August.Given the strong bearish Swiss Franc sentiment seen…