EURGBP currency pair continues to fall after the pair reversed down from the resistance zone set at the intersection of the key resistance level 0.86000 (previous monthly high from November) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the previous short-term ABC correction (ii).…

GBPNZD currency pair continues to fall after the pair reversed down from the resistance area lying at the intersection of the pivotal resistance level 1.96450 (former strong support from July and August), 61.8% Fibonacci correction of the downward price impulse from August and the upper daily Bollinger Band. The downward…

AUDUSD currency pair continues to rise strongly after the pair reversed up from the support area lying at the intersection of the round support level 0.70000 and the lower weekly Bollinger Band. The upward reversal from this support area stopped the previous weekly onward impulse wave (3) from last month.…

WTI crude oil continues to rise strongly after the price broke through the combined resistance area lying at the intersection of the round resistance level 70.00 and the 50% Fibonacci correction of the previous shaper downward impulse from the end of November. The breakout of this resistance area accelerated the…

GBPCAD currency pair recently broke below the pivotal support level 1.68500  (which stopped the (b)-wave of the previous ABC correction (ii) as can be seen below). The breakout of the support level 1.685 accelerated the active minor impulse wave (iii) – which belongs to the higher order impulse waves 3…

AUDJPY currency recently today up sharply from the support area lying between the long-term support level 79.000 (which has been reversing the price sharply from the start of this year as can be seen below) and the lower daily Bollinger Band. The upward reversal from this support area stopped the…

CADCHF currency recently reversed up from the support area lying between the key support level 0.71400 (which has been reversing the price sharply from March) and the lower daily Bollinger Band. The upward reversal from the support level 0.71400 stopped the previous short-term downward impulse wave C. Given the strength…

EURUSD currency recently reversed down from the resistance area lying between the key resistance level 1.13650 (top of the earlier minor corrective wave (iv)), 20-day moving average and the 50% Fibonacci correction of the downward impulse from the start of November. The downward reversal from this resistance area started the…

AUDUSD currency pair under the bearish pressure after the price broke below the long-term support level 0.71000 (previous multi-month low from August, as can be seen from the daily AUDUSD chart below). The breakout of the support level 0.71000 accelerated the active intermediate impulse wave (3). Given the clear downtrend…

WTI crude oil reversed up with the daily Japanese candlesticks pattern Hammer from the support zone located between the long-term support level 62.50 (which has been reversing the price from May, as can be seen from the daily WTI chart below). 61.8% Fibonacci correction of the uptrend from January and…