Gold continues to fall after the price reversed down with the daily Japanese candlesticks reversal pattern Evening Star from the resistance area lying between the resistance level 1850.00 and the 38.2% Fibonacci correction of the previous downward ABC correction (2) from the start of January. Given the rising risk-on sentiment…

EURJPY currency pair under the bullish pressure today after the price broke the key long-term resistance level 127.000 (which has been steadily reversing this currency pair from the start of September as can be seen below). The breakout of the resistance level 127.000 accelerated the active impulse wave C of…

GBPJPY currency pair recently broke through the resistance area made out of resistance level 146.000 and the resistance trendline of the sharp daily up channel from December - which accelerated the active impulse waves (iii), (v) and 3. These impulse waves belong to the higher order upward impulse sequence (C)…

AUDUSD under the bullish pressure after the pair broke the resistance area lying between the key resistance level 0.77000 (top of the previous minor correction (ii) from the end of January) and the resistance trendline of the daily down channel from the start of this year. The breakout of this…

AUDJPY currency pair continues to rise after the price broke above the key resistance level 80.850 (top of the previous impulse wave from the start of January). The breakout of this resistance level accelerated the active minor impulse wave 3 – which belongs to the medium-term impulse wave (3) from…

GBPUSD currency pair continues to rise strongly after the price broke the key multi-candle resistance level 1.37550 (which has been steadily reversing this currency pair from the middle of January). The breakout of this resistance level accelerated the active minor impulse wave (v) – which belongs to the impulse wave…

USDCHF currency pair under bearish pressure today after the price broke through the support trendline of the daily up channel from the start of January. The breakout of this up channel follows the earlier downward reversal from the key resistance area lying at the intersection of the round resistance level…

CADCHF currency pair under bearish pressure today after the price reversed down from the resistance area set between the multi-month resistance level 0.70500 (which has been reversing this currency pair from the start of November) and the upper daily Bollinger Band. The downward reversal from this resistance area created the…

USDJPY currency pair recently reversed down from the resistance area located between the pivotal resistance level 105.700 (which has been reversing this currency pair from the middle of October as can be seen from the daily USDJPY chart below) and the upper daily Bollinger Band. The downward reversal from this…

GBPNZD currency pair recently reversed down from the resistance area located between the key resistance level 1.91700 (which has been reversing this currency pair from the start of December as can be seen from the daily GBPNZD chart below) and the upper daily Bollinger Band. The downward reversal from this…