AUDCAD currency pair recently reversed down from the resistance area located between the resistance level 0.96340 (former strong support from the start of March), upper daily Bollinger Band and the 50% Fibonacci correction of the previous downward impulse from the start of last month – which started the active wave…

USDCHF currency pair today reversed up from the support area located between the support level 0.92300 (which has been reversing the price from the start of March), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous upward impulse from the start of January. Given the strength of…

Gold has been rising steadily in the last few trading sessions - in line with our earlier forecast for this instrument . The price is currently approaching the resistance area located between the key resistance level 1756.00 (top of the previous impulse wave (1)) and the 38.2% Fibonacci correction of…

USDJPY under bearish pressure after the price broke through the support area located between the key support level 110.000, sharp upward-sloping support trendline from February and the 38.2% Fibonacci correction of the previous upward impulse wave (i) from the end of March – which accelerated the active minor correction (ii).…

USDCHF under bearish pressure after the price reversed down from the resistance area located between the key resistance level 0.94630, upper weekly Bollinger Band and the and the 61.8% Fibonacci correction of the previous sharp weekly onward impulse form the start of 2020. Given the overbought reading on the weekly…

EURUSD continues to rise after recently breaking the resistance area located between the key resistance level 1.18300 (former strong support from the start of March) and the resistance trendline of the daily down channel from the end of February. The breakout of this resistance area accelerated the active minor corrective…

WTI oil today reversed up from the support area located between the pivotal support level 58.00 (which has been steadily reversing WTI oil from the middle of February, as can be seen below), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from January. The upward…

CADJPY currency pair recently reversed down from the resistance zone set between the resistance level 88.000 (which stopped the previous sharp upward impulse wave (1) in March) and the upper daily Bollinger Band. The downward reversal from resistance zone started the active minor corrective wave 2. Given the strength of…

AUDUSD currency pair recently reversed up from the support zone set between the key support level 0.75700 (which has been reversing the price from February), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse from November. The upward reversal from support zone created the daily…

GBPUSD currency pair recently broke the resistance zone located between the key resistance level 1.38000 (former strong support from the start of March) and the resistance trendline of the daily down channel from last month. The breakout of this resistance zone accelerated the active short term upward impulse wave 5.…