EURCAD just reversed up from the support area lying between the pivotal support level 1.52150 (which stopped the pervious downward correction (a) in the middle of last month), lower daily Bollinger Band and the 38.2% Fibonacci retracement of the pervious upward impulse from February. Given the strength of the nearby…

GBPNZD recently reversed down from the resistance area lying between the key resistance level 2.10000 (which stopped the pervious sharp upward impulse wave (i) in the middle of March) and the upper daily Bollinger Band. The downward reversal from this resistance area started the active short-term correction (ii). Given the…

EURJPY recently reversed up sharply from the strong support area lying between the powerful support level 116.500 (which has been reversing the price from last September) and the lower daily Bollinger Band. The upward reversal from this support area created the daily candlesticks reversal pattern Hammer. Given the strength of…

NZDUSD continues to fall inside the sharp downward correction (b), which started recently from the resistance area lying between the round resistance level 0.60000 (former strong support from the start of March) and the 50% Fibonacci retracement of the previous downward impulse from last month. Given the clearly bullish US…

GBPCHF just reversed down from the resistance level 1.21000 (former multi month low from last October) standing near the 50% Fibonacci retracement of the previous downward impulse wave from December of 2019. The downward reversal from the resistance level 1.21000 started the active short term correction (ii). GBPCHF is likely…

GBPCHF recently broke through the resistance area lying between the round resistance level 1.20000 (which was set as the likely upward target in or earlier forecast for this instrument), and 38.2% Fibonacci retracement of the previous sharp weekly downward impulse wave from October of 2019. This price area is acting…

AUDNZD recently reversed down from the resistance area lying between the key resistance level 1.03200 (former Double Bottom from January), and 61.8% Fibonacci retracement of the previous sharp downward impulse wave (i). The downward reversal from this resistance area created the daily candlesticks reversal pattern Shooting Star. Given the strength…

WTI recently reversed up from the support area lying between the round support level 20.00 (which was mentioned in our earlier report for this instrument) and the lower daily Bollinger Band. The upward reversal from this support area stopped the earlier impulse wave 3. Given the strength of the aforementioned…

NZDCHF recently reversed down from the resistance area lying between the pivotal resistance level 0.58000 (which has been reversing the price from the middle of March), upper daily Bollinger Band and the 50% Fibonacci retracement of the previous sharp downward impulse from February. The downward reversal from this resistance area…

EURCHF continues to fall inside the medium-term impulse wave (5), which started earlier from the resistance area lying between the key resistance level 1.06500 (which has been reversing the price from the start of March), upper daily Bollinger Band and the resistance trendline of the daily down channel from January.…