CHFJPY has been rising in the last few trading sessions inside the sharp impulse wave 3 – which started earlier with the daily reversal pattern Bullish Engulfing from the key support level 111.200 (which has been reversing the price from the end December). Given the rising daily Momentum and the…

CADJPY is currently trading close to the resistance area lying between the key resistance level 83.800 (which stopped the previous sharp upward impulse wave (C) in December) and the upper daily Bollinger Band. Given the overbought daily Stochastic and the rising bearish Yen sentiment seen across the markets today, CADJPY…

AUDNZD recently broke the key support level 1.03600 (which stopped the previous(a)-wave of the active sharp upward ABC correction 2 from the start of November). The breakout of the support level 1.03600 strengthened the bearish pressure on this currency pair.With the moderate bullish sentiment affecting New Zealand dollar, AUDNZD is…

EURNZD recently reversed down from the resistance area lying between the resistance level 1.68200 (former strong support level from December), lower trendline of the recently broken wide up channel from March (acting as resistance after it was broken) and the 61.8% Fibonacci correction of the previous sharp downward impulse wave…

EURAUD continues to rise inside the sharp upward impulse wave 3, which started earlier from the support area lying between the major support level 1.59800 (former monthly low from November) and the lower daily Bollinger Band. The price earlier broke the resistance level 1.61000 – which strengthened the bullish pressure…

GBPAUD recently broke the resistance area lying between the round resistance level 1,9000 (former strong support from December) and the 38.2% Fibonacci correction of the previous sharp downward correction from last month. Given the clear daily uptrend and the strong bearish Australian dollar sentiment seen across the markets today, GBPAUD…

AUDUSD recently reversed up from the support area lying between the strong support level 0.69250 (former resistance from October, November and December) and the 38.2% Fibonacci correction of the previous sharp upward impulse from the end of November. Given the moderate bullish US dollar sentiment seen across the markets today,…

EURJPY recently reversed up from the support area lying between the key support level 120.20 (low of the previous Morning Star from the start of December), lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp upward impulse 3. Given the widespread negative sentiment affecting Yen right…

NZDUSD recently broke the resistance area lying between the resistance levels 0.66000 and 0.66500 (top of the pearlier Shooting Star) – intersecting with the resistance trendline of the wide daily down channel from last year. The breakout of this resistance area accelerated the active impulse waves (iiii) and 5. NZDUSD…

EURJPY recently reversed up from the support area lying between the pivotal support level 121.00 (former resistance from November) and the 50% Fibonacci correction of the previous sharp upward impulse wave 1 from the middle of November. The upward reversal from this support area stopped the previous corrective wave 2.…