GBPJPY currency pair recently reversed down from the key resistance level 168.000, intersecting with the upper daily Bollinger Band and the resistance trendline of the wide up channel from last year. The downward reversal from the resistance level 168.000 stopped the earlier impulse waves 5 and (C). Given the strength…

EURCAD currency pair recently reversed up from the key support level 1.34000 (low which has been reversing the price from the end of April), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 1.34000 started the active minor correction (b). Given the strength of the…

EURUSD currency pair recently reversed down from the key resistance level 1.06000 (low which has been reversing the price from the start of June). The resistance level 1.06000 was further strengthened by the upper resistance trendline of the daily down channel from February and the 20-day moving average. Given the…

USDCHF currency pair recently reversed up from the key support level 0.9550 (low of the earlier minor impulse wave A from the end of May). The upward reversal from the support level 0.9550 started the active minor corrective wave (iv). Given the oversold daily Stochastic, strong daily uptrend and the…

CHFJPY currency pair recently broke through the key resistance level 142.000 (top of the earlier minor impulse wave (iii) from last week), coinciding with the upper resistance trendline of the weekly up-channel from March. The breakout of these resistance levels accelerated the active impulse waves 3 and (v). Given the…

EURCHF currency pair recently broke the key support level 1.00900 (the previous monthly low from April, as can be seen from the daily EURCHF chart below). The breakout of the support level 1.00900 accelerated the active impulse waves 3 and (3). Given the strong daily downtrend and the bullish swiss…

CADJPY currency pair recently broke the resistance level 105.600 (top of the previous Evening Star from the middle of this month) and the 61.8% Fibonacci correction of the downward correction 4 from the start of June. Given the strong daily uptrend and the continued bearish yen sentiment, CADJPY currency pair…

USDJPY currency pair recently reversed up from the key support level 134.000,  20-day moving average, support trendline from May and the 50% Fibonacci correction of the upward price impulse 3 from the middle of June. Given the clear daily uptrend, USDJPY currency pair can be expected to rise further toward…

CADCHF currency pair recently reversed up with the daily Bullish Engulfing from the major support level 0.73700 (former monthly high from January and the monthly low from April), strengthened by the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from December. Given the continued swiss…

EURCHF currency pair recently reversed up from the key support level 1.00880 (which stopped the previous sharp downward wave B in April, as can be seen below), strengthened by the lower daily Bollinger Band. The upward reversal from the support level 1.0088 stopped the previous impulse waves 3 and (v).…