NZDUSD recently reversed down with the daily Japanese candlesticks reversal pattern Evening Star from the resistance area located between the key resistance level 0.6350, upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp downward impulse from September. With the moderate bearish New Zealand dollar sentiment seen…

EURGBP recently broke the support area located between the key support level 0.8800 (which stopped the previous sharp impulse wave (A)) and the 61.8% Fibonacci correction of the previous sharp multi-month upward impulse wave (1) from May. The breakout of this support area strengthened the bearish pressure on EURGBP. With…

  GBPCHF recently broke the resistance area located between the resistance level 1.2450 (which stopped the previous waves (4) and (A)) and the 50% Fibonacci correction of the previous downward impulse (1) from April. The breakout of this resistance area accelerated the active medium-term impulse wave (C). Given strengthening bullish…

  NZDCAD continues to fall inside the sharp downward impulse wave 5 which started recently from the resistance area lying between the resistance level 0.8420, upper daily Bollinger Band and the 50% Fibonacci correction of the previous downward impulse from August. The active impulse wave 5 belongs to the longer-term…

  AUDCAD recently reversed down with the daily Japanese candlesticks reversal pattern Falling Star from the resistance area located between the resistance level 0.9020 (which stopped the previous waves 4 and A), upper daily Bollinger Band, 61.8% Fibonacci correction of the previous downward impulse (1) from September and the resistance…

AUDCAD continues to rise inside the daily upward correction which started earlier with the daily Bullish Engulfing from the strong support area lying between the support level 0.8900 (which formed Double Bottom in august) and the lower daily Bollinger Band. Given the strength of the aforementioned support area and the…

  WTI under bullish pressure today – following the earlier breakout of the resistance level 54.00 (which was set as the likely upward target in our earlier forecast for this instrument). The breakout of the resistance level 54.00 continues the earlier upward correction from the strong support level 50.75 (which…

AUDUSD recently broke through the from the resistance area lying between the resistance level 0.6770 (which was set as the likely upward target in our earlier forecast for this currency pair) and the 50% Fibonacci correction of the previous downward impulse wave (i) from last month. Given the strong bullish…

EURUSD continues to rise inside the short-term ABC correction (ii) which started recently from the support area lying between the support level 1.0925 (which reversed the price twice in September), lower daily Bollinger Band and the support trendline of the wide daily down channel from January. Given the moderate bullish…

CHFJPY recently broke through the from the resistance area lying between the resistance level 108.10 (former strong support from September which was set as the likely upward target in our earlier forecast for this currency pair) and the 50% Fibonacci retracement of the previous downward correction form last month. Given…