GBPNZD recently broke through the resistance zone lying between the key round resistance level 2.0000 (previous upward target set in the last report for this currency pair) and the 50% Fibonacci correction of the sharp downward impulse wave from the middle of April. Given the predominantly bearish New Zealand…

AUDNZD continues to rise inside the accelerated impulse waves (iii) and 3 which recently broke above the key resistance level 1.08600 (which has been steadily reversing the pair from the start of November, as can be seen below). Given the strongly bearish New Zealand dollar sentiment seen today - AUDNZD…

Gold recently reversed up with the daily Japanese candlesticks reversal pattern Long legged Doji from the support area lying between the support level 1860.00, support trendline of the daily up channel from March and the 50% Fibonacci correction of the previous upward impulse from June. Given the clear daily uptrend…

EURUSD continues to rise after the earlier upward reversal with the daily Morning Star from the key support level 1.17160 (which stopped the previous correction (iv)), standing close to the 38.2% Fibonacci correction of the previous upward impulse from the end of June. Given the rising bullish sentiment affecting the…

GBPJPY continues to rise after the earlier breakout of the key resistance level 139.600 (former monthly high from June, which has been reversing the price from the end of July), standing close to the 61.8% Fibonacci correction of the sharp downward impulse from last December. Given the clear daily uptrend…

EURGPB recently reversed up from the key round support level 0.90000 (which has been reversing the price from the middle of July), intersecting with lower daily Bollinger band. The upward reversal from the support level 0.90000 started the active short-term impulse wave 3. Given the strongly bullish sentiment affecting the…

CHFJPY recently broke above the key resistance level 116.500 (which stopped the previous impulse wave 3 at the start of this month) intersecting with resistance trendline of the daily up channel from the middle of June. The breakout of the resistance level 116.500 accelerated the active impulse wave (C). Given…

EURJPY recently reversed up from the key, multi-month support level 124.300 (multi-month high from the start of June, acting as the support after it was broken by the previous sharp upward impulse wave (v)). Given the sharp daily uptrend and the strongly bearish yen sentiment seen across the currency markets…

EURCAD recently reversed down from the resistance area located between the key, multi-month resistance level 1.59750 (multi-month high from the middle of March) and the lower daily Bollinger band. Given the rising bullish Canadian dollar sentiment seen across the currency markets today - EURCAD is likely to extend the losses…

USDCHF recently reversed up sharply with the weekly long-legged Doji from the support area lying between the key support level 0.90600 (former weekly low from last week) and the lower weekly Bollinger band. Given the oversold weekly Stochastic and the strongly bearish Swiss franc sentiment seen across the FX markets…