EURUSD continues to fall inside the medium-term impulse wave (3) which started recently from the resistance area lying between the key resistance level 1.14300 (which stopped the previous upward correction in March), upper daily Bollinger Band and the resistance trendline of the wide weekly down channel from last year. Given…

EURCAD recently reversed down from the resistance area lying between the key resistance level 1.54000, upper daily Bollinger Band and the 38.2% Fibonacci retracement of the previous downward price move from March. The last downward reversal from this resistance area created the daily reversal pattern Bearish Engulfing. Given the moderately…

AUDNZD recently reversed up from the support area lying between the key support level 1.06000 (monthly low from May), lower daily Bollinger Band and the 38.2% Fibonacci retracement of the previous sharp upward ABC correction (B) from the middle March. The upward reversal from this support area started the active…

EURGBP recently reversed down from the resistance area lying between the key resistance level 0.90000 (former strong support from March, which has been reversing the price from the middle of May), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp downward correction from March. Given the…

GBPNZD today reversed up once again from the strong support area lying between the long-term support level 1.94200 (former multi-month low from December of 2019), and the lower daily Bollinger Band. The upward reversal from this support area runs counter to the earlier medium-term impulse wave (5). Given the moderately…

AUDUSD continues to fall inside the daily downward correction which started earlier from the resistance area lying between the multi-month resistance level 0.70200 (which stopped the daily uptrend December of 2018), and the upper daily Bollinger Band. The pair just broke the extended daily Rising Wedge – which should add…

NZDCAD under bearish pressure following the earlier downward reversal from the resistance area lying between the long-term resistance level 0.88000 (which stopped the multi-month uptrend in December of 2019), and the upper daily Bollinger Band. Given the strength of the aforementioned resistance area and the overbought reading on the daily…

EURCAD today reversed down from the combined resistance area lying at the intersection of the resistance level 1.54400 (which has been reversing the price from April), upper daily Bollinger Band and 38.2% Fibonacci correction of the earlier downward price move from the middle of March. Given the bullish Canadian dollar…

GBPCAD recently reversed down from the resistance area lying between the resistance level 1.71800 (former monthly low from April), upper daily Bollinger Band and 38.2% Fibonacci correction of the pervious downward correction (2) from the start of May. Given the strong bullish sentiment affecting the Canadian dollar today - GBPCAD…

GBPCHF recently reversed down sharply from the resistance area lying between the strong resistance level 1.2200 (former monthly high from April), upper daily Bollinger Band and 50% Fibonacci correction of the pervious downward impulse from December. Given the moderate bearish sentiment affecting the Sterling today - GBPCHF is likely to…