WTIUSD recently reversed up from the key support level 47.50 (former resistance from the start of December) intersecting with the 20-day moving average. The upward reversal from the support level 47.50 will most likely create the daily candlesticks reversal pattern Bullish Engulfing – if the price closes today near the…

Gold recently broke above the pivotal resistance level 1900.00 (which has been reversing the price from the middle of November) intersecting with the resistance trendline of the dually down channel from August. The breakout of the resistance level 1900.00 accelerated the active impulse waves 3 and (3). Given the clear…

EURNZD earlier reversed up sharply from the key support level 1.69500 (which stopped the previous downward trend at the end of November as can be seen from the daily EURNZD chart below) – standing well outside of the lower daily Bollinger Band. The upward reversal from the support level 1.69500…

EURAUD continues to fall after breaking below the key multi-month support level 1.60000 (which has stopped all downward impulse and corrections of this currency pair from the end of 2019 as can be seen below). The breakout of the support level 1.60000 accelerated the active minor impulse wave 3 –…

NZDUSD continues to rise after the price broke above the key resistance level 0.71700 (which stopped the previous upward impulse wave 1 in the middle of of December as can be seen from the daily NZDUSD chart below). The breakout of the resistance level 0.71700 continues the active minor impulse…

NZDCAD continues to rise after the price broke above the strong resistance level 0.91540 (which stopped the previous sharp upward impulse wave (iii) at the start of December as can be seen from the daily NZDCAD chart below). The breakout of the resistance level 0.91540 accelerated the active minor impulse…

AUDUSD continues to rise after the price broke above the resistance level 0.76400 (which stopped the previous sharp upward impulse wave (i) in the middle of December as can be seen from the daily AUDUSD chart below). The breakout of the resistance level 0.76400 is aligned with the active minor…

EURJPY continues to rise after the pair broke above the key resistance level 126.950 (which stopped the sharp uptrend in August as can be seen from the daily EURJPY chart below). The breakout of the resistance level 126.950 should accelerate the active minor impulse wave (v) – which belongs to…

CHFJPY recently reversed up with the daily Bullish Engulfing pattern from the support area lying between the key support level 116.100 (former resistance from November which stopped the previous upward corrective wave B at the start of November), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward…

GBPUSD recently reversed down from the resistance area lying between the powerful resistance level 1.36220 (which stopped the previous sharp upward impulse wave 3 in the middle of December) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the previous minor impulse wave 5. Given…