CHFJPY currency pair recently broke the resistance zone located between the key resistance level 117.400 and the 50% Fibonacci correction of the previous intermediate ABC correction (2) from the middle of February. The breakout of this resistance zone accelerated the active intermediate upward impulse wave (3). Given the predominant uptrend…

GBPNZD currency pair recently reversed down from the resistance zone located between the long-term resistance level 1.98000 (former monthly high from October of 2020) and the upper daily Bollinger. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star. Given the strength of the…

USDCHF currency pair recently reversed down from the resistance zone located between the resistance level 0.94600 (former monthly high from July of 2020), upper daily Bollinger Band and by the 61.8% Fibonacci correction level of the previous sharp extended downward impulse wave from March of 2020. Given the reversal of…

AUDCAD currency pair recently reversed up from the support zone located between the key support level 0.95000 (which has been reversing the price from November of 2020 as can be seen from the daily AUDCAD chart below) – strengthened by the lower daily Bollinger Band and by the 61.9% Fibonacci…

Gold recently corrected up from the support zone located between the powerful long-term support level 1675.00 (which has been reversing the price from April of 2020 as can be seen from the daily Gold chart below) – strengthened by the lower daily Bollinger Band. The upward reversal from this support…

NZDJPY currency pair recently reversed up from the support zone located between the support level 75.660 (former Double Top from January), lower daily Bollinger Band and the support trendline from the middle of last December. The upward reversal from this support zone started the active impulse wave 5 – which…

USDJPY currency pair continues to rise sharply after the price broke the resistance zone located between the long-term resistance level 109.850 (multi-month high from last June) and the resistance level 109.450 (top the previous sharp upward impulse wave (iii)). The breakout of this resistance zone accelerated the active impulse wave…

GBPNZD currency pair recently reversed down from the resistance zone located between the long-term resistance level 1.97900 (which has been reversing the price from last September), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from April. Given the overbought reading on the daily stochastic indicator…

AUDCHF currency pair recently reversed up from the support zone located between the support level 0.71000 (which has been reversing the price from the start of March), lower daily Bollinger Band and the support trendline of the daily up channel from the end for October. Given the predominant daily uptrend…

GBPCHF currency pair recently reversed up from the support zone located between the support level 1.28000 (which has been reversing the price from the start of March), 50% Fibonacci correction of the earlier upward price impulse from the end of February and the upper trendline of the recently broken sharp…