USDCAD continues to fall after the pair reversed down from the key resistance level 1.30750 (the previous monthly high from May and June, as can be seen from the daily USDCAD chart below), intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 1.30750 stopped the…

EURCHF continues to fall today after the pair broke below the key support level 0.99700 (former multi-month support from the start of March, as can be seen from the daily EURCHF chart below). The breakout of the support level 0.99700 accelerated the active impulse waves 5 and (3). Given the…

EURAUD currency pair is under bearish pressure today after the pair reversed down from the key resistance level 1.53300 (which stopped the earlier intermediate correction (4) in March), upper daily Bollinger Band and the 50% Fibonacci correction of the earlier downward impulse from February. Given the clear daily downtrend and…

USDJPY currency pair under bullish pressure today after the pair reversed up from the key support level 134.800 (which stopped the earlier minor correction (ii)), 20-day moving average and the 38.2% Fibonacci correction of the earlier upward impulse wave (i). Given the clear daily uptrend and growing bullish US dollar…

EURUSD currency pair under the strong bearish pressure after the pair broke the key support level 1.03600 (which has been reversing the price from the start of May). The breakout of the support 1.03600 accelerated the active impulse wave 3, which belongs to the higher downward impulse wave (5) from…

AUDJPY currency pair recently reversed up strongly from the pivotal support level 91.950 (the low of the previous minor correction A), intersecting with the lower daily Bollinger Band, support trendline from January and the 50% Fibonacci correction of the upward impulse (1) from May. The upward reversal from the support…

EURCHF currency pair recently reversed up with the daily long-legged Doji from the key longterm support level 0.99700 (the previous monthly low from March), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 0.99700 stopped the earlier impulse waves 3 and (3). Given the strength…

GBPJPY currency pair recently reversed down from the key resistance level 168.000, intersecting with the upper daily Bollinger Band and the resistance trendline of the wide up channel from last year. The downward reversal from the resistance level 168.000 stopped the earlier impulse waves 5 and (C). Given the strength…

EURCAD currency pair recently reversed up from the key support level 1.34000 (low which has been reversing the price from the end of April), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 1.34000 started the active minor correction (b). Given the strength of the…

EURUSD currency pair recently reversed down from the key resistance level 1.06000 (low which has been reversing the price from the start of June). The resistance level 1.06000 was further strengthened by the upper resistance trendline of the daily down channel from February and the 20-day moving average. Given the…