NZDCAD currency pair recently reversed up from the support area located between the long term support level 0.80850 (which reversed the price at the start of 2020) and the lower weekly Bollinger Band. The upward reversal from this support area started the active short-term correction (iv). Given the strength of…

WTI crude oil recently reversed up from the support area located between the key support level 105.000, 20-day moving average and the 61.8% Fibonacci correction of the previous minor upward impulse wave from the start of May. The upward reversal from this support area continues the active impulse waves iii…

CHFJPY currency pair continues to rise inside the intermediate impulse wave (5), which started earlier from the support area located between the key support level 127.250 (former multi-month high from January) and the 61.8% Fibonacci correction of the previous upward impulse from November. Given the clear daily uptrend and the…

EURCHF currency pair recently broke through the support area located between the key support level 1.03800 (low of the previous correction (a) and the top of the earlier waves A and (b) from March) and the 38.2% Fibonacci correction of the previous upward impulse from the start of April. Given…

USDCHF currency pair recently reversed down from the resistance area located between the key resistance level standing at parity (which has been stopping all of the upward impulse waves from the middle of 2019, as can be seen from the weekly USDCHF chart below) and the upper weekly Bollinger Band.…

AUDUSD currency pair recently reversed up from the support area located between the key support level 0.68300 (which started the earlier weekly impulse wave (5) in the middle of 2020), support level 0.6990 (which stopped the previous weekly waves A and C) and the lower weekly Bollinger Band. Given the…

GBPCHF currency pair recently reversed down sharply from the resistance area located between the key  resistance level 1.24200(which has been reversing the price from the middle of March), the upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from the start of January. Given the strength…

GBPCAD currency pair today reversed up sharply from the support area located between the key support level 1.57900 (which stopped the earlier sharp minor impulse wave (iii) at the start of May) and the lower daily Bollinger Band. The pair is currently forming the daily Morning Star - a strong…

EURCHF currency pair recently reversed up from the support area located between the key support level 1.03750 (former monthly high from April) and the 38.2% Fibonacci corrections of the upward impulse from the start of April. Given the clear daily uptrend and the bullish euro sentiment that can be seen…

EURJPY currency pair recently reversed up from the support zone located between the key support level 133.000 (the previous multi-month high from February), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from the start of March. Given the clear daily uptrend and the bullish euro…