CADJPY recently reversed down sharply from the resistance area lying between the strong resistance level 83.25 (former multi-month high from July) and the upper daily Bollinger Band. The downward reversal from this resistance area started the active impulse wave. Given the rising bearish sentiment affecting the Canadian Dollar - CADJPY…

CADCHF under bearish pressure after the earlier reversal from the powerful resistance area lying between the long-term resistance level 0.7620 (which has been reversing the price from the start of February) and the upper daily Bollinger Band. The downward reversal from the aforementioned resistance area created the daily reversal pattern…

  AUDCAD recently reversed up sharply from the key support area lying between the strong support level 0.8900 (which has been reversing the price from the start of August, as can be seen below) and the lower daily Bollinger Band. This support area stopped the previous impulse wave 1 with…

GBPAUD under bearish pressure following the earlier downward reversal from the key resistance area lying between the resistance level 1.89000 (former monthly high from March and May) and the upper daily Bollinger Band. The active wave (c) started previously when the pair failed to hold the ground above this resistance…

EURAUD continues to fall inside the C-wave of the medium-term ABC correction (2) - which started earlier from the lower trendline of the recently broken daily up channel from September (acting as resistance after it was broken by the previous wave A). Given the moderate bearish sentiment affecting the Euro…

NZDUSD recently broke below the key support level 0.6360 (previous sell target which is also the former resistance from September and the start of October) intersecting with the 50% Fibonacci correction of the previous upward impulse wave from the start of August. Given the clear downtrend visible on the daily…

  AUDNZD recently reversed up with the daily Morning Star from the support area lying between the key support level 1.0660 (which reversed the earlier wave B), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse wave from the start of August. AUDNZD is likely…

EURNZD recently reversed up from the support area lying between the key support level 1.7300 (which was set as the likely sell target in our earlier forecast for this currency pair), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse (i) from the middle of…

  AUDCAD continues to decline within the short-term impulse wave 3 which started earlier from resistance area lying between the key resistance level 0.9020 (top of the previous waves 4, A and (2)), upper daily Bollinger Band, resistance trendline of the daily down channel from April and the 61.8% Fibonacci…

EURJPY under bearish pressure following the earlier downward reversal from the resistance area lying between the resistance level 121.40 (top of the Evening Star from the end of July), upper daily Bollinger Band and the 50% Fibonacci correction of the previous multi-month impulse wave (C) from March. Given the moderate…