GBPNZD currency pair under the bullish pressure today after the price reversed up from the support zone lying between the multi-month support level 1.91800 (which reversed the pair in April and May) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the previous intermediate impulse…

EURNZD currency pair under the bearish pressure after it broke the multi-month support level 1.63330 (which stopped the sharp downtrend back at the end of February as can be seen from the daily EURNZD chart below). The breakout of the support level 1.6333 accelerated the active impulse wave 3 and…

NZDUSD currency pair under the bullish pressure today after the price broke the major resistance level 0.71500 (previous multi-candle top from  September) – standing near the 61.8% Fibonacci correction of the downward impulse C from May. The breakout of the resistance level 0.71500 accelerated the active impulse waves 3 and…

NZDCAD currency pair recently broke the resistance area located between the pivotal resistance level 0.87850 (which reversed the price at the start of October) and the 38.2% Fibonacci correction of the previous sharp downward impulse (C) from September. The breakout of this resistance area accelerated the active impulse wave (1).…

NZDJPY currency pair continues to rise after the price broke the resistance area located between the multi- month resistance level 80.00 (which stopped the uptrend in May) and the resistance trendline of the daily up channel from August. The breakout of this resistance area accelerated the active impulse waves 3…

EURNZD currency pair recently reversed up from the support area located between the multi-month support level 1.63300 (former multi-month support from the end of February) and the lower daily Bollinger Band. The upward reversal form this support area stopped the earlier impulse waves (iii) and 3. Given the strength of…

GBPCAD currency pair under the bearish pressure today after the price reversed down from the resistance area set between the key resistance level 1.70200 (former multi-month support from the start of July) and the 50% Fibonacci correction of the downward impulse from the start of October. The downward reversal form…

WTI crude oil under the bullish pressure today after the price broke above the earlier minor reversal high level 81.10 (which stopped the previous sharp upward impulse wave (iii) earlier this month). The breakout of this reversal level accelerated the active short-term impulse (v) – which belongs to the sharp…

EURGBP currency pair under the strong bearish pressure today after the price broke the long-term support level 0.84700 (which has been reversing the pair from the start of April as can be seen from the daily EURGBP chart below). The breakout of this support level accelerated the active impulse waves…

USDCAD currency pair under the bearish pressure after the price broke the support zone lying between the pivotal support level 1.24160 (which has been reversing the pair from the start of July as can be seen from the daily USDCAD chart below) and the 50% Fibonacci correction of the upward…