EURCHF recently reversed up with the daily Morning Star from the support area lying between the support level 1.0870 (low of the previous wave (iv)), lower daily Bollinger Band and the support trendline of the daily up channel from September. Given the moderate bearish sentiment affecting the Swiss Franc at…

GBPCAD continues to rise after the earlier breakout of the key resistance level 1.7065 (which stopped the previous vases (A) and 1, as can be seen from the daily GBPCAD chart below). The breakout of the resistance level 1.7065 should accelerate the active impulse waves 3 and (C). Given the…

CADJPY recently reversed up with the daily Bullish Engulfing from the support area lying between the pivotal support level 82.00 (former monthly top from September), lower daily Bollinger Band and 38.2% Fibonacci correction of the previous upward impulse (c) from the start of October. Given the strengthening bearish Japanese Yen…

CADCHF recently reversed up sharply from the support area lying between the key support level 0.7440 (which has been reversing the price from the middle of September), 50% Fibonacci correction of the previous upward impulse from August and the lower daily Bollinger Band. Given the strengthening bearish Swiss Franc sentiment…

CHFJPY under the bearish pressure after the earlier downward reversal from the resistance area lying between the powerful resistance level 110.00 (which has been repeatedly reversing this currency pair from the end of July) and the upper daily Bollinger Band. Given the strength of the aforementioned resistance area and the…

WTI recently reversed down from the resistance area lying between the key resistance level 58.00 (which stopped the previous upward impulse wave (i)), upper daily Bollinger Band and the 50% Fibonacci retracement of the previous sharp downward ABC correction 2 from the middle of September. WTI is likely to remain…

AUDCHF continues to fall inside the sharp downward corrective wave 2- which started earlier from the resistance area lying at the intersection of the key resistance level 0.6850 (former monthly high from September), upper daily Bollinger Band and the 50% Fibonacci retracement of the previous extended downward impulse (C) from…

Gold recently reversed up from the support area lying between the pivotal support level 1450.00 (former monthly high from July), lower daily Bollinger Band and the 38.2% Fibonacci retracement of the previous extended upward impulse from May. Given the clear daily uptrend - Gold is likely to remain under bullish…

EURCHF recently broke the support trendline of the daily up channel from September – which accelerated the active short-term impulse wave 3, which is a part of the medium-term downward impulse sequence (3) from the middle of October. Given the strong bullish Swiss Franc sentiment seen across the markets -…

CADCHF today broke the support area lying between the key support level 0.74900 (low of the previous corrections (a) and (iv)) and the 38.2% Fibonacci retracement of the previous extended upward impulse from August. Given the strong bearish Canadian Dollar sentiment seen across the markets - CADCHF is likely to…