NZDUSD recently broke above the key resistance level 0.71000 (which stopped the previous sharp upward impulse wave (i) at the start of December). The breakout of the resistance level 0.71000 should accelerate the active short-term upward impulse wave 5 – which belongs to the powerful on-going impulse wave (5) from…

EURUSD recently broke above the key multi-candle resistance level 1.21600 (which has been repeatedly reversing the pair from the start of December). The breakout of the resistance level 1.21600 continues the active short-term upward impulse wave (v) – which belongs to the impulse wave 3 from last month. Given the…

GBPCHF recently reversed up with the daily Hammer from the powerful support level 1.17500 (which has been steadily reversing the pair from the middle of October) – strengthened by the lower daily Bollinger Band. The upward reversal from the support level 1.17500 started the active short-term correction (ii). Given the…

GBPAUD recently reversed up sharply from the key support area lying between the key support level 1.75000 (monthly low from September) and the lower daily Bollinger Band. The upward reversal from the support level 1.75000 created the daily Japanese candlesticks reversal pattern Hammer – standing well below the lower daily…

CADJPY continues to fall after the earlier downward reversal from the key multi-month resistance level 81.850 (which stopped the sharp upward impulse at the start of June) intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 81.800 created the daily Japanese candlesticks reversal pattern Dark…

EURGBP continues to rise inside the sharp upward impulse wave 3 which today broke the key resistance level 0.91350 (which has been reversing the price from the end of September) intersecting with the 61.8% Fibonacci correction of the previous downward retracement 2 from September. Given the rising bearish sterling sentiment…

GBPCAD continues to fall inside the sharp downward impulse wave (c) which previously broke the key support level 1.68250 (former monthly low from the middle of September). The breakout of the support level 1.68250 follows the earlier breakout of the round support level 1.70000. Given the strongly bearish sentiment affecting…

GBPAUD continues to fall inside the sharp downward impulse wave C which previously broke the combined support area lying at the intersection of the key support level 1.80000 (which has been steadily reversing the price from the start of October) and the 61.8% Fibonacci correction of the upward impulse wave…

CHFJPY continues to rise inside the accelerated upward impulse wave 3 in the direction of the next powerful resistance level 117.900 (which stopped the sharp uptrend at the end of August as can be seen from the daily CHFJPY chart below) – standing near the upper daily Bollinger Band. Given…

EURGBP continues to fall inside the accelerated downward correction – after the pair reversed down with the daily Shooting Star from the resistance zone lying between the resistance level 0.9135 (which reversed the price twice in October), upper daily Bollinger Band and the 61.8% Fibonacci retracement of the previous ABC…