EURJPY recently reversed up from the key support level 124.600 (former powerful resistance from June, which stopped the previous impulse wave (iii)), coinciding with the lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from July. Given the clear daily uptrend and the rising bullish euro…

AUDJPY recently reversed up from the key support level 76.550 (former multi-month resistance from June, July and August). The upward reversal from the support level 76.550 created the daily candlesticks reversal pattern Bullish Engulfing – which started the active impulse wave (iii). Given the strong daily uptrend and the rising…

AUDUSD recently reversed up from the support area located between the key support level 0.72000 (former resistance from the end of July) and the 38.2% Fibonacci correction of the previous sharp upward impulse from June. Given the clear daily uptrend and the strong bullish sentiment affecting the Australian dollar today-…

GBPCHF recently reversed up from the support area located between the pivotal multi-month support level 1.16300 (former monthly low from the end of June) and the upper daily Bollinger Band. Given the strength of the aforementioned support level 1.16300 and the weakening of the previously strong sterling bearish sentiment –…

USDCHF recently reversed down with the daily Evening Star reversal pattern from the resistance area set between the pivotal resistance level 0.91600 (which has been reversing the price from last month) and the upper daily Bollinger Band. Given the strong overriding downtrend and the uptrend and the widespread CHF optimism…

CHFJPY recently reversed up with the daily Bullish Engulfing from the support area located between the pivotal support level 115.200, lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from June. Given the clear daily uptrend and the rising bullish sentiment affecting the Swiss franc today…

EURUSD recently reversed up from the support zone lying between the key support level 1.17600 (low of the previous short-term correction (a) from the middle of August), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from July. Given the moderately bullish sentiment affecting the euro…

AUDNZD recently broke the resistance trendline of the daily down channel from the middle of August (which enclosed the previous minor ABC correction). The breakout of this down channel continues the active short term upward impulse wave 3 from the start of September. Given the extended uptrend that can be…

GBPNZD continues to fall after the earlier breakout of the support zone lying between the support level 1.96500 (which reversed the price at the start of August) and the 50% Fibonacci retracement of the earlier upward impulse from the start of July. Given the continued widespread sterling pessimism seen across…

GBPAUD under bearish pressure after the earlier breakout of the support zone lying between the support level 1.80600 (low of the previous minor impulse wave (i)) and the 50% Fibonacci retracement of the earlier sharp upward corrective wave A from the middle of July. Given the strong daily downtrend, moderately…