WTI oil recently broke above the key resistance level 63.60 (top of the previous minor impulse wave (i), which was set as the likely upward target in our previous forecast for this instrument). The breakout of the resistance level 63.60 is likely to further accelerate the active impulse wave (iii) …

NZDCHF recently reversed up from the support area lying between the support level 0.65640, 50% Fibonacci correction of the upward impulse from the end of January and the upper trendline of the recently broke up channel from December (acting as support after it was broken). The upward reversal from this…

USDCHF currency pair has been rising sharply in the last few trading sessions – breaking through the resistance level 0.91500 and the 61.8% Fibonacci correction of the downward impulse from the end of September. The price is currently trading close to the powerful resistance level 0.91850 (which has been reversing…

EURGBP currency pair recently reversed down with the daily candlesticks reversal pattern Shooting Star from the resistance area lying between the long-term resistance level 0.87500 (former support from the start of February), resistance trendline of the daily down channel from December and the 38.2% Fibonacci correction of the downward impulse…

USDJPY currency pair has been rising sharply in the last few trading session and today approached the resistance area lying between the long-term resistance level 107.000 (former Double Top from August of 2020 as can be seen from the daily USDJPY chart below) and the upper daily Bollinger Band. Given…

Gold recently broke below the key powerful support level 1762.00 (former multi-month low from the middle of November). After breaking the support level 1762.00 – Gold made the attempts to test this level – which was met with strong selling – which is the strong sell signal for this instrument.…

USDCHF currency pair recently broke the resistance area lying between the resistance level 0.90500 (former strong resistance from the start of February), resistance trendline of the daily up channel from January and the 61.8% Fibonacci correction of the downward impulse (i) from the start of November. Given the strength of…

GBPAUD currency pair recently reversed up from the key support area lying between the support level 1.77000 (former strong resistance from the middle of January), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse (i) from the start of January. Given the strength of the aforementioned…

EURCHF under the bearish pressure after the recent sharp downward reversal from the resistance area lying between the long-term resistance level 1.10600 (which reversed the price at the end of 2019) and upper daily Bollinger Band. The downward reversal from this resistance area created the daily Japanese candlesticks reversal pattern…

EURUSD under the bullish pressure after the recent breakout of the resistance area lying between the resistance level 1.22000 (top of the previous corrective wave (ii) from the middle of January) and the 61.8% Fibonacci correction of the previous downward correction 2 from the start of January. The breakout of…