AUDJPY continues to fall after the recent downward reversal from the resistance area lying between the powerful, long-term resistance level 76.550 (which has been reversing the pair from last December) and the upper daily Bollinger Band. Given the strength of the aforementioned resistance area - AUDJPY is likely to extend…

NZDCAD recently reversed down with the daily Shooting Star from the resistance area lying between the resistance level 0.87000 (former support from June), intersecting with the 38.2% Fibonacci correction of the previous sharp downward impulse from the end of July. Given the rising bearish sentiment affecting New Zealand dollar today…

WTI recently reversed down from the resistance area lying between the key resistance level 43.34 (former support from March, which reversed the price at the start of August), intersecting with the upper daily Bollinger Band. Given the overbought daily Stochastic and the strength of the aforementioned resistance level 43.34 WTI…

AUDCHF recently reversed up from the key support level 0.65000 (which has been repeatedly reversing the price from the middle of June ), intersecting with the lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous upward impulse (C) from the start of May. Given the strength of…

NZDUSD recently reversed up from the pivotal support level 0.65250 (former support pivot from the middle of July ), standing close to the lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse from the end of June. Given the extended daily uptrend, storing bullish New…

USDCAD under bearish pressure following the previous breakout of the key support level 1.32000 (former monthly low from February of 2019). The breakout of the support level 1.32000 accelerated the active short-term impulse waves (iii) and C. Given the clear daily downtrend, rising bearish U.S. dollar sentiment and the moderately…

USDJPY continues to fall after the earlier breakout of the support trendline of the daily up channel from the end of July. The price earlier reversed down with the Evening Star from the resistance area lying between the resistance level 107.000 and the 50% Fibonacci correction of the previous downward…

NZDUSD continues to fall after the earlier breakout of the support zone lying between the support level 0.65400 and the 50% Fibonacci correction of the previous sharp upward impulse wave from the end of June. Given the strongly rising bearish New Zealand sentiment seen across the FX markets today -…

NZDJPY recently broke below the key support level 69.800 (former resistance from June, which has been reversing the pair from the start of July, as can be seen from the daily NZDJPY chart below). The breakout of the support level 69.800 accelerated the active wave C. Given the strongly bearish…

GBPCHF recently reversed up from the pivotal support level 1.18700 (former multi-day resistance level from July, which has been steadily reversing the pair from the start of August, as can be seen from the daily GBPCHF chart below). Given the strongly bullish sentiment affecting sterling today - GBPCHF is likely…