NZDUSD under bullish pressure today following the earlier upward reversal from the key support area lying between the long-term support level 0.6200 (which stopped the previous sharp weekly downtrend in 2015) and the lower daily Bollinger Band. The upward reversal form this support area started the active short-term corrective…

  AUDUSD yesterday reversed up from the support area lying between the key support level 0.6675 (which reversed the price 3 times in August) and the lower daily Bollinger Band. The upward reversal form this support area created the daily reversal pattern Hammer Doji. Given the oversold daily Stochastic and…

  EURCAD yesterday reversed up sharply win the daily Morning Star from the support area lying between the key support level 1.4420 (which stopped the previous sharp impulse wave (i) in August) and the lower daily Bollinger Band. The upward reversal form this support area started the active short term…

GBPUSD continues to fall inside the medium-term impulse wave (5) which started in the middle of September from the powerful resistance level 1.2530 (former strong support from June). The pair earlier broke the support level 1.240, which was set as the sell target in our earlier forecast for this currency…

GBPCAD under bearish pressure today following the earlier breakout of the support level 1.6320, which was set as the likely downward target in our previous forecast for this currency pair. The breakout of the support level 1.6320 strengthened the bearish pressure on this currency pair - accelerating the active impulse…

  NZDUSD continues to fall inside the short-term impulse wave 3 which recently broke through the support area lying at the intersection of the support level 0.6269 (which stopped the previous sharp impulse wave 1) and the support trendline of the wide daily down channel from March. Given the strong…

  AUDUSD under bearish pressure today following the earlier breakout of the support trendline of the daily up channel from August (which encloses the previous short-term ABC correction (ii)). The breakout of this up channel strengthened the bearish pressure on this currency pair. With the strong bearish sentiment affecting the…

AUDNZD continues to rise inside the short-term corrective wave (b) which started recently from the powerful, multi-month support level 1.0710 (former major resistance from April, May and September, acting as support after it was broken by the previous upward impulse wave (v)). With the strong bearish sentiment affecting the New…

  AUDCAD continues to fall inside the medium-term impulse wave ③ which started recently from the resistance area lying at the intersection of the resistance level 0.9100 (former strong support from January and June) and the upper daily Bollinger Band. Given the strong daily downtrend and the moderate bearish sentiment…

GBPCHF recently reversed down from the resistance area lying between the key resistance level 1.2400 (former strong support from January and December), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous downward impulse from May. The downward reversal from this resistance area started the active medium-term impulse…