GBPNZD continues to rise inside the medium-term corrective wave (4) which started earlier with the daily Hammer from the support area lying between the key round support level 1.90000 and the lower daily Bollinger Band. The price today broke the resistance level 1.93150 – which should add to the bullish…

NZDJPY continues to fall inside the impulse wave 3 which started earlier with the daily Bearish Engulfing from the resistance area lying between the resistance level 71.650 (monthly high from June) and the upper daily Bollinger Band. With the markets showing strongly bearish sentiment toward the New Zealand dollar today…

EURCAD continues to rise inside the impulse wave 3 which earlier broke through the resistance area lying between the resistance level 1.55400 (monthly high from May) and the 50% Fibonacci correction of the previous correction A from March. With the markets in the strong pro-euro and moderate anti-CAD mood today…

EURUSD continues to rise inside the accelerated impulse wave 3 - which previously broke above the key multi- month resistance level 1.15000. The breakout of this resistance level strengthened the bullish pressure on the pair and resulted in the subsequent breakout of the resistance levels 1.16 and 1.17000. Given the…

Gold continues to rise after the earlier breakout of the resistance trendline of the daily up channel from the end of March – as can be seen from the daily Gold chart seen below. The breakout of this up channel continues the active medium-term impulse wave (5). Given the strong…

GBPAUD recently reversed up from the support area lying between the strong support level 1.78500 (low of the weekly Bullish Engulfing from the middle of 2019) and the lower weekly Bollinger band. The upward reversal from this support area started the active correction (2). Given the oversold weekly Stochastic, rising…

EURJPY continues to fall inside the impulse wave 3 – which started previously from the resistance area lying between the key resistance level 124.250 (which stopped the previous ABC correction (2) at the start of June) and the upper daily Bollinger band. Given the strongly bullish yen sentiment seen today…

USDCHF continues to fall inside the accelerated impulse waves (iii) and 3 – which previously broke below the key support level 0.62000 (which has been reversing the price from the middle of June). The breakout of the support level 0.62000 led to the latest breakout of the wide daily down…

NZDCHF recently reversed down from the key resistance level 0.62000 (former support from the end of January and the top of the previous short term impulse wave (ii) from the start of July). The downward reversal from the resistance level 76.700 stopped the previous short-term ABC correction 2. Given the…

AUDJPY recently reversed down from the key resistance level 76.700 (top of the previous short-term impulse wave (A) from the start of June). The downward reversal from the resistance level 76.700 stopped the preceding short-term ABC correction (b). Given the bearish sentiment affecting Australian dollar today – along with the…