EURNZD recently broke through the support area lying between the key support level 1.70000 (former multi-month low from September) and the 61.8% Fibonacci correction of the previous sharp upward impulse from July. This price area is acting as a resistance zone after it was broken. Given the proximity of the…

WTI is currently trading close to the key resistance level 58.60 (top of the previous wave 2, which stopped the price multiple times in November) –strengthened by the upper daily Bollinger Band. Given the strength of the aforementioned resistance level 58.60 - WTI is likely to remain under the bearish…

CADCHF recently reversed up with the daily Bullish Engulfing from the support area lying between the key support level 0.74400 (which has been steadily reversing the price from September), 50% Fibonacci correction of the previous impulse wave (1) and the lower daily Bollinger Band. Given the moderate bullish Canadian dollar…

AUDCAD recently reversed down with the daily Bearish Engulfing from the resistance area lying between the key resistance level 0.9110 (which has been reversing the price from the middle of September) and the upper daily Bollinger Band. Given the strength of the daily downtrend and the widespread bearish Australian dollar…

CHFJPY recently reversed down from the resistance area lying between the key resistance level 110.00 (which has been reversing the price from the middle of October) and the upper daily Bollinger Band. Given the proximity of the aforementioned resistance area and the bearish Swiss franc sentiment seen across the markets…

USDCHF recently reversed up from the support area lying between the key support level 0.98500 (which has been reversing the price from the end of September), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous upward impulse from the start of August. Given the moderate bearish sentiment…

AUDUSD recently reversed up from the support area lying between the key support level 0.6760 (which stopped the earlier wave A in the middle of November), lower daily Bollinger Band and the 61,8% Fibonacci correction of the previous upward impulse wave (1) from the start of October. Given the moderate…

NZDUSD recently broke above the resistance area lying between the key resistance level 0.6430 (which has been reversing the price from the start for September) and the 38,2% Fibonacci correction of the previous downward impulse wave (C) from the middle of July. Given the strength of the active impulse wave…

AUDNZD recently broke through the support area lying between the key support level 1.0530 (which reversed the price at the end of August) and the 50% Fibonacci correction of the previous sharp upward impulse wave from the start of August. Given the sharpness of the active daily impulse wave (c)…

NZDJPY recently broke through the resistance area lying at the intersection of the round resistance level 70,00(which has been reversing the price from the end of October), resistance trendline from March and the 50% Fibonacci correction of the previous downward impulse wave (C) from July. Given the strengthening bullish sentiment…