EURJPY recently reversed down strongly from the key resistance level 126.800 (which stopped the previous upward impulse wave (iii) at the start of August), intersecting with the upper daily Bollinger Band. The downward reversal from this resistance level started the active short-term impulse wave (i). With the strongly bearish sentiment…

EURCHF recently broke the resistance level 1.08300 (top of the narrow sideways price range inside which the pair has been trading from the middle of July, as can be seen below). The breakout of the resistance level 1.08300 accelerated the C-wave of the medium-term ABC correction (2) from July. Given…

GBPJPY recently broke the resistance level 139.700 (top of the previous intermediate correction (A) from June) standing near with the 61.8% Fibonacci correction of the previous downward impulse from December. The breakout of the resistance level 139.700 accelerated the active impulse waves 5 and (C). Given the strongly bullish sterling…

NZDJPY recently broke the resistance level 70.700 (which stopped the previous minor correction B earlier this month) intersecting with the 61.8% Fibonacci correction of the previous ABC correction (2). The breakout of the resistance level 70.700 added to the bullish pressure on this currency pair. Given the strengthening bearish yen…

AUDJPY under bullish pressure after the earlier breakout of the key resistance level 76.750 (which stopped the previous in June and July, as can be seen below). The breakout of the resistance level 76.750 accelerated the active short-term impulse wave (iii). Given the clear daily uptrend, strongly bearish yen sentiment…

Gold recently reversed up from the support zone lying between the key support level 1693.00 (low of the previous minor correction from the start of May), lower daily Bollinger band and the 38.2% Fibonacci retracement of the earlier upward impulse from the end of March. The upward reversal from the…

EURGBP today broke the key round resistance level 0.90000 (top of the previous impulse wave (1)) intersecting with the 38.2% Fibonacci correction of the previous sharp downward correction from March to April. the breakout of the resistance level 0.90000 continues the active medium-term impulse wave (3). Given the rising bullish…

EURUSD recently broke above the pivotal resistance level 1.10150 (which accelerated the active short-term corrective wave 2 from the end of April). The price is currently trading close to the resistance level 1.11450 (top of wave (2) from the end of March). If the price breaks above the resistance level…

NZDCHF recently reversed up from the support zone located lying between the support level 0.60300 (former monthly from the middle of June), lower daily Bollinger Band and the 50% Fibonacci retracement of the earlier upward impulse wave from May. Given the powerful bearish Swiss franc dollar sentiment seen across the…

NZDJPY recently broke the resistance trendline of the well-formed daily down channel (which enclosed the previous medium-term ABC correction (2) from the middle of July). The breakout of this down channel should accelerate the active impulse wave (3). Given the clear bullish New Zealand dollar sentiment seen across the currency…