NZDCHF falling strongly after the earlier sharp downward reversal from the resistance area lying between the key resistance level 0.62400 (former support from February), upper daily Bollinger Band and the resistance trendline of the daily up channel from the middle of March. Given the strong bearish sentiment affecting the New…

WTIUSD recently reversed down from the resistance area lying between the key round resistance level 40.00, intersecting with the upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous extended downward impulse wave from the middle of January. Given the daily Sciatic moving in the overbought territory -…

USDCHF recently broke the support area lying between the key support level 0.95000 (low of the impulse wave 1 from the end of March) and the 50% Fibonacci correction of the previous sharp ABC correction (B) from the start of March. The breakout of this support area accelerated the active…

CADJPY recently reversed down with the Bearish Engulfing candlesticks reversal pattern from the resistance area lying between the pivotal resistance level 81.60 (former support from November, December and February), and the upper daily Bollinger Band. Given the moderately bearish Canadian dollar sentiment seen across the markets today, CADJPY is likely…

USDJPY recently reversed down with the Bearish Engulfing from the resistance area lying between the key resistance level 109.30 (top of the b wave from the start of April), upper daily Bollinger Band and the 61.8% Fibonacci retracement of the previous downward impulse from March. Given the powerful bullish yen…

AUDJPY recently reversed down from the resistance area lying between the long-term resistance level 76.40 (former multi-month high from December) and the upper daily Bollinger Band. The downward reversal from this resistance area started the active short-term correction (iv). Given the strong bearish Australian dollar sentiment – combined with extreme…

WTI recently broke the resistance area lying between the resistance level 36.90 (top of the previous wave (iv) from March)) and the 61.8% Fibonacci retracement of the previous downward impulse from February. The breakout of this resistance area should extend the active impulse wave C. Given the strength of the…

EURCAD recently reversed down from the resistance area lying between the resistance level 1.53200 (previous upward target), upper daily Bollinger Band and the 50% Fibonacci retracement of the previous downward impulse from April. Given the moderately bearish euro sentiment seen today, EURCAD is likely to extend the losses toward the…

CHFJPY recently reversed down from the combined resistance area lying between the key resistance level 114.225 (which has been reversing the price from the middle of January, as can be seen from the daily CHFJPY chart below) and the upper daily Bollinger Band. Given the strongly bearish Swiss franc sentiment…

EURUAD recently reversed up with the daily Hammer from the combined support area lying between the key support level 1.60850 (monthly low from last February), lower daily Bollinger Band and the support trendline of the daily down channel from April. Given the strength of the aforementioned support area and the…