AUDJPY continues to rise sharply inside the short-term impulse wave 3-which belongs to the medium-term impulse wave (C) from the start of October (which started when the pair reversed up from the former resistance trendline from April, acting as support after it was broken in September). With the strong…

  CADCHF recently reversed down from the resistance area located between the key resistance level 0.7565 (which stopped the previous waves (a) and 2) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the previous short-term correction (ii). With the moderate bullish sentiment affecting Swiss…

NZDUSD recently reversed down with the daily Japanese candlesticks reversal pattern Evening Star from the resistance area located between the key resistance level 0.6350, upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp downward impulse from September. With the moderate bearish New Zealand dollar sentiment seen…

EURGBP recently broke the support area located between the key support level 0.8800 (which stopped the previous sharp impulse wave (A)) and the 61.8% Fibonacci correction of the previous sharp multi-month upward impulse wave (1) from May. The breakout of this support area strengthened the bearish pressure on EURGBP. With…

  GBPCHF recently broke the resistance area located between the resistance level 1.2450 (which stopped the previous waves (4) and (A)) and the 50% Fibonacci correction of the previous downward impulse (1) from April. The breakout of this resistance area accelerated the active medium-term impulse wave (C). Given strengthening bullish…

  NZDCAD continues to fall inside the sharp downward impulse wave 5 which started recently from the resistance area lying between the resistance level 0.8420, upper daily Bollinger Band and the 50% Fibonacci correction of the previous downward impulse from August. The active impulse wave 5 belongs to the longer-term…

  AUDCAD recently reversed down with the daily Japanese candlesticks reversal pattern Falling Star from the resistance area located between the resistance level 0.9020 (which stopped the previous waves 4 and A), upper daily Bollinger Band, 61.8% Fibonacci correction of the previous downward impulse (1) from September and the resistance…

AUDCAD continues to rise inside the daily upward correction which started earlier with the daily Bullish Engulfing from the strong support area lying between the support level 0.8900 (which formed Double Bottom in august) and the lower daily Bollinger Band. Given the strength of the aforementioned support area and the…

  WTI under bullish pressure today – following the earlier breakout of the resistance level 54.00 (which was set as the likely upward target in our earlier forecast for this instrument). The breakout of the resistance level 54.00 continues the earlier upward correction from the strong support level 50.75 (which…

AUDUSD recently broke through the from the resistance area lying between the resistance level 0.6770 (which was set as the likely upward target in our earlier forecast for this currency pair) and the 50% Fibonacci correction of the previous downward impulse wave (i) from last month. Given the strong bullish…