GBPNZD recently broke the resistance zone located between the resistance level 1.94000 (former top of the previous minor correction from the start of September) and the 38.2% Fibonacci correction of the previous downward impulse from the middle of August. Given the powerful bullish sentiment affecting the pound today - GBPNZD…

GBPAUD recently broke the resistance zone located between the key resistance level 1.80600 (former support from the end of August) and the 61.8% Fibonacci correction of the previous downward impulse from the middle of August. Given the strongly bullish sterling sentiment seen across the FX markets today - GBPAUD is…

EURUSD recently broke the support zone located between the key support level 1.17400 (which reversed the price a few times from the start of August) and the 38.2% Fibonacci correction of the previous upward impulse from the middle of July. Given the moderately bearish euro sentiment seen across the FX…

AUDUSD recently broke the support zone located between the key support level 0.71250 (which reversed the price a few times in August) and the 38.2% Fibonacci correction of the previous upward impulse from the middle of June. Given the strongly bullish US dollar sentiment seen across the FX markets today…

USDJPY recently reversed up from the support zone located between the key support level 104.150 (monthly low from July) and the lower daily Bollinger Band. The upward reversal from this support zone started the active corrective wave (ii). Given the strengthening bullish sentiment affecting the US dollar today - USDJPY…

EURJPY recently broke the support zone located between the support levels 123.400 (low of the previous daily Hammer) and 123.000 (coinciding with the 61.85 Fibonacci correction of the sharp upward impulse from July). Given the continued bullish sentiment affecting yen today - EURJPY is likely to fall further toward the…

AUDCAD recently reversed down from the resistance zone located between the key, multi-month resistance level 0.96500 (which ha been reversing the price from July) and the upper daily Bollinger Band. The downward reversal from this resistance zone started the active impulse wave (C). Given the strengthening bearish sentiment affecting the…

NZDUSD recently reversed down with the daily candlesticks reversal pattern Shooting Star from the powerful resistance zone located between the key resistance level 0.68000 and the upper daily Bollinger Band. Given the clear bearish divergence on the daily Stochastic indicator and the strengthening bearish sentiment affecting the new Zealand dollar…

NZDJPY recently broke the extended support trendline from the middle of May. The breakout of this support trendline coincided with the breakout of the round support level 70.000 – which accelerated the active short-term corrective weave 2 from the start of September. Given the strongly bullish Yen sentiment seen across…

NZDCHF recently broke the resistance trendline of the extended daily Triangle from May. The breakout of this Triangle continues the active short-term corrective weave (ii) from the start of September. Given the strongly bearish Swiss franc sentiment seen across the FX markets today - NZDCHF is likely to extend the…