CADCHF recently broke sharply through the support zone located between the key support level 0.74150 (which has been steadily reversing the price from the start of December) the 61.8% Fibonacci correction of the previous ABC correction from the middle of August. The breakout of this support zone accelerated the active…

EURJPY recently reversed down from the resistance zone located between the key resistance level 122.500 (which reversed the price twice in December, upper daily Bollinger Band and the sharp downward impulse from April and the 61.8% Fibonacci correction of the previous downward impulse from April. The downward reversal from this…

CHFJPY recently broke through the resistance zone located between the key resistance level 112.600 (monthly high from December October) and the resistance trendline of the daily up channel from the start of October. The breakout of this resistance zone accelerated the active impulse waves 3 and (3). With the rising…

GBPCHF recently broke through the support zone located between the support level 1.26600 (which has been reversing the price from the middle of October) and the 38.2% Fibonacci correction level of the previous sharp ABC correction (B) from August. Given the rising bullish sentiment affecting the Swiss Franc today -…

USDJPY recently broke through the resistance zone located between the powerful, multi-month resistance level 109.500 (which has been reversing the price from last July) and the 61.8% Fibonacci correction level of the previous sharp downward impulse from April. Given the predominantly bearish sentiment seen affecting the Yen today - USDJPY…

EURCAD recently reversed up with the two daily Hammers from the support zone located between the lower daily Bollinger Band and the strong support level 1.44500 (which has been steadily reversing the price from the middle of September, as can be seen from the daily EURCAD chart below). Given the…

AUDNZD under bullish pressure after the earlier upward reversal from the support zone located between the lower weekly Bollinger Band and the strong support level 1.03400 (former yearly low from 2017). The upward reversal form this support zone continues the active weekly correction B. Given the strengthening bullish Australian dollar…

EURAUD continues to fall inside the short-term corrective wave which started recently from the key resistance area lying between the pivotal resistance level 1.63000 (which has been reversing the price from October) and the upper daily Bollinger Band. Given the strong bullish sentiment affecting the Australian dollar at the moment…

Gold recently reversed own sharply from the resistance area lying between the round resistance level 1600.00, upper weekly Bollinger Band and the resistance level 1555.00 (top of the previous impulse wave (3) from the middle of 2019). The downward reversal form this resistance area created the weekly Japanese candlesticks reversal…

WTI continues to fall inside the sharp corrective wave 2 – which started recently from the resistance area lying between the powerful resistance level 63.000, upper daily Bollinger Band and the resistance trendline of the daily up channel from October. WTI is likely to fall further toward the next support…