USDJPY currency pair continues to rise strongly after the earlier breakout of the key resistance level 115.350 (which stopped the previous sharp upward impulse wave 1 at the end of November). The breakout of the resistance level 115.350 accelerated the active short-term impulse wave 3 - which belongs to the higher…

USDCHF currency pair recently reversed up sharply from the long-term support level 0.91000 (which has been reversing the price from the middle of August), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 0.91000 completed the previous minor ABC correction (ii). Given the strength of…

NZDUSD currency pair recently reversed down from the key resistance level 0.68500 (which has been reversing the price from the middle of August), intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 0.6850 completed the previous ABC correction 2. Given the strength of the resistance…

EURGBP currency pair recently reversed up from the key support level 0.83800 (previous monthly low from the end of November), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 0.83800 stopped the earlier sharp downward impulse wave (iii) from the middle of December. Given the…

GBPCAD currency pair recently broke above the key resistance level 1.72000 (which reversed the price twice earlier this month, as can be seen from the daily GBPCAD chart below), intersecting with the 61.8% Fibonacci correction of the sharp downward impulse wave from the middle of September. The breakout of this…

CHFJPY currency pair under the strong bullish pressure today after the pair broke above the strong resistance level 125.450 (which stopped the previous sharp upward impulse wave 1 at the start of November, as can be seen from the daily CHFJPY chart below). The breakout of this resistance level accelerated…

EURCHF currency pair recently reversed up from the key support level 1.03800 (which has been reversing this currency pair from the end of November, as can be seen from the daily EURCHF chart below) – strengthened by the lower daily Bollinger Band. The upward reversal from the support level 1.03800…

NZDCAD currency pair recently corrected down from the resistance area lying between the resistance level 0.87500 (top of the previous minor correction (iv) from the start of December, as can be seen from the daily NZDCAD chart below), strengthened by the upper daily Bollinger Band and by the 50% Fibonacci…

EURNZD currency pair earlier reversed up from the key support level 1.65400 (which has been reversing this currency pair from the middle of March, as can be seen from the daily EURNZD chart below), strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the previous…

CADJPY currency pair earlier reversed up with the daily Bullish Engulfing from the key support level 87.650 (former support resistance from September, which also reversed the pair with the daily Bullish Engulfing at the start of December, as can be seen from the daily CADJPY chart below). The upward reversal…