WTI oil has been rising after the earlier breakout of the pivotal resistance level 43.75 (former monthly high from the end of August – which stopped the previous medium-term impulse wave (1) in the same month). The breakout of the resistance level 43.75 accelerated the active impulse weaves 3 and…

NZDCHF recently broke above the key multi-month resistance level 0.63000 (which has been reversing this currency pair from the start of February, as can be seen from the daily NZDCHF chart below). The breakout of the resistance level 0.63000 continues the active short-term impulse wave (v) – which belongs to…

EURGBP previously reversed up from the powerful support zone lying between the long-term support level 0.88800 (which has been reversing this currency pair from the middle of May) and the lower daily Bollinger Band. The upward reversal from the support level 0.88800 started active short term impulse wave (iii) –…

GBPUSD continues to rise strongly after the pair broke above the key resistance level 1.33000 (which has been reversing this currency pair from the start of November). The breakout of the resistance level 1.3300 accelerated the active short-term impulse wave C – which belongs to wave (2) from the end…

GBPNZD recently reversed up once again from the key support level 1.90850 (which has been repeatedly reversing this currency pair from the start of July), intersecting with the lower daily Bollinger Band. The upward reversal from this support level 1.9085 stopped the earlier downward impulse sequence (3) from the middle…

WTI continues to rise inside the minor impulse wave 3, which started earlier from the round support level 40.000 The active impulse wave 3 belongs to the medium-term upward impulse sequence (3) from the end of October – which started when the price reversed up from the key support level…

AUDNZD continues to fall after the recent breakout of the support area lying between the key support level 1.05400 (former monthly low from July, support trendline of the daily down channel from August and the 50% Fibonacci retracement of the previous uptrend from March. Given the predominantly bullish New Zealand…

NZDCHF under bearish pressure today following the earlier downward reversal from the major long-term resistance level 0.63000 (which has been steadily reversing the price from the start of February as can be seen form the daily NZDCHF chart below) – intersecting with the upper daily Bollinger Band. Given the overbought…

CHFJPY today reversed up from the support level 113.750 (which was set as the likely downward target in our previous forecast for this currency pair). The support zone near the support level 113.750 is strengthened by the proximity of the lower daily Bollinger Band. Given the strengthening bullish Swiss Franc…

CHFJPY continues to fall inside the short-term impulse wave 3 which started earlier from the resistance area located between the pivotal resistance level 116.000 (which has been reversing this currency pair from October), upper daily Bollinger Band and the 61.8% Fibonacci of the previous downward impulse (A) from the end…