GBPAUD continues to rise inside the short-term corrective wave (ii) which started earlier from the powerful support level 1.74300 (former monthly low from December) - intersecting with the lower daily Bollinger Band. The upward reversal from the support level 1.74300 stopped the previous minor impulse wave (iii). Given the strength…

USDJPY recently broke the resistance area located between the resistance level 103.900 (former support from the middle of December) and the 61.8% Fibonacci correction of the previous downward impulse (c) from the start of December. The breakout of this resistance area strengthened the bullish pressure on this currency pair. Given…

EURUSD recently reversed down with the daily Bearish Engulfing from the key resistance area located between the resistance level 1.22700 (former top of the impulse wave 3 from the middle of December) and the resistance level 1.23400 – stinging near the upper daily Bollinger Band and the resistance trendline of…

GBPUSD recently reversed up from the pivotal support level 1.35400 (former top of the impulse wave 1 from the start of last month) – standing near the 38.2% Fibonacci correction of the previous upward impulse from the middle of December. The latest upward reversal from the support level 1.35400 is…

WTIUSD continues to rise after the price broke above the round resistance level 50.00 (which was set as the likely upward target in our earlier forecast for this instrument). The breakout of the resistance level 50.00 accelerated the active impulse wave (iii) and 3 - which being to the long-term…

USDJPY continues to rise after this currency pair reversed up from the pivotal support level 103.000 (former monthly low from December) – standing near the lower daily Bollinger Band. The upward reversal from the support level 103.000 created the daily Japanese candlestick reversal pattern Piercing line – which started the…

GBPAUD previously reversed up sharply from the key support level 1.74250 (low of the previous sharp downward impulse wave (iii) from December which was set as the likely downward target in our previous forecast for this currency pair). The support area near the support level 1.74250 was strengthened by the…

GBPAUD continues to fall after the pair broke below the pivotal support level 1.76000 (former support from last month which stopped the previous minor correction (b)).The breakout of the support level 1.76000 continues the active short-term impulse wave 3 – which belongs to the intermediate downward impulse sequence (3) from…

EURUSD continues to rise after the pair broke through the key resistance level 1.23000 (which has been reversing the price from the middle of December).The breakout of the resistance level 1.23000 continues the active short-term impulse wave (iii) – which belongs to the intermediate upward impulse sequence (C) from the…

GBPJPY recently reversed down with the daily Japanese candlesticks reversal pattern Evening Star from the key resistance level 140.800 (which has been reversing the price from the start of December) standing close to the upper daily Bollinger Band. The downward reversal from the resistance level 140.800 started the active shortterm…