AUDJPY today broke sharply above the key resistance level 77.500 (which stopped the previous minor impulse wave 1 at the start of November as can be seen from the daily AUDJPY chart below). The breakout of the resistance level 77.500 continues the active minor impulse wave 3 – which belongs…

CHFJPY continues to rise strongly after the price broke the key resistance level 116.16 (which has been reversing the pair from the start of October as can be seen from the daily CHFJPY chart below). The breakout of the resistance level 116.16 accelerated the active minor impulse wave 3 –…

WTI recently reversed down from the resistance level 46.30 (which stopped the previous sharp upward impulse wave (i) at the end of November as can be seen from the daily WTI chart below) – standing near the upper daily Bollinger Band. The downward reversal from the resistance level 46.30 created…

CADJPY recently reversed down from the long-term resistance level 81.500 (which has been repeatedly reversing this currency pair from the middle of June as can be seen below) – standing near the upper daily Bollinger Band. The downward reversal from the resistance level 81.500  stopped the previous short-term impulse wave…

GBPCAD recently reversed up sharply from the key round support level 1.70000 (which has been reversing the price from the middle of October) – standing far outside of the lower daily Bollinger Band. The upward reversal from the support level 1.70000 stopped the previous short-term correction (ii). Given the oversold…

NZDCHF continues to fall inside the sharp downward impulse wave 1, which previously broke the support area lying at the intersection of the support level 0.63000 (former resistance from November) and the support trendline of the sharp daily up channel from the middle of October. Impulse wave 1 is also…

EURNZD continues to rise inside the sharp upward correction 2 which started earlier from the round support level 1.70000 standing close to the lower daily Bollinger Band. The active wave 2 belongs to the medium-term downward impulse wave (3) from the middle of October, as can be seen from the…

EURUSD previously broke above the key round resistance level 1.20000 (which was closely watched by all of the currency trading community for signs ECB might signal the opposition to this level breakout). With no signals from ECB regarding the latest euro advance the pair continues to rise steadily in the…

GBPAUD continues to rise after the price reversed up from the earlier from the major support level 1.80000 (which has been repeatedly reversing the pair from the start of October) standing near the lower daily Bollinger Band. The upward reversal from the support level 1.80000 continues the active short-term impulse…

GBPCHF continues to fall inside the sharp downward impulse wave (iii) which started earlier from the powerful resistance level 1.22000 (which has been repeatedly reversing the pair from the end of April) standing near the upper daily Bollinger Band. The price just broke the support level 1.20000 –  which should…