NZDUSD under bearish pressure after the earlier downward reversal from the resistance area lying between the round resistance level 0.60000 (formers strong support from the start of March) and the 61.8% Fibonacci retracement of the previous downward impulse from the start of this month. The downward reversal from this resistance…

NZDCAD recently reversed down from the resistance area lying between the resistance level 0.85500 (which also reversed the price sharply earlier this month) and the 61.8% Fibonacci retracement of the previous sharp downward impulse from last December. The downward reversal from this resistance area previously created the daily Japanese candlesticks…

EURAUD under bearish pressure after the earlier sharp downward reversal from the round resistance level 2.0000. The downward reversal from this resistance level created the weekly Japanese candlesticks reversal pattern Shooting Star Doji standing well outside of the upper weekly Bollinger Band (strong sell signal). Given the strength of the…

CADJPY recently broke the support area lying between the support level 77.000 and the 38.2% Fibonacci correction of the previous sharp impulse wave (a) from the middle of March. The breakout of this support area should accelerate the active corrective wave (b) – which stated previously from the powerful resistance…

USDJPY recently reversed down from the resistance area lying between the key resistance level 112.000 (which has been repeatedly reversing this currency pair from the start of 2019), resistance trendline of the multi-year down channel from 2017 and the upper weekly Bollinger Band. Given the clear downtrend on the weekly…

EURJPY recently reversed down from the resistance area lying between the pivotal resistance level 121.000 (which has been reversing the price from the start of February) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the previous medium-term ABC correction (2) from the start of…

AUDUSD recently reversed up sharply from the powerful support area lying between the round support levels 0.55000 and 0.60000 (this level stopped the sharp weekly downtrend at the start of 2018) – strengthened by the lower weekly Bollinger Band. Given the strength of the aforementioned support area and the clear…

WTI recently reversed up from the support area lying between the key support level 20.00, mentioned in our previous forecasts for this instrument (this level stopped the previous impulse wave 3) standing near the lower daily Bollinger Band. The upward reversal from the support level 20.00 started the (c)-wave of…

CADJPY recently reversed down from the combined resistance area lying between the key resistance level 78.500 (former support from August which stopped the previous wave B earlier this month) and the 38.2% Fibonacci correction of the previous sharp downward impulse from February. Given the rising bullish Japanese sentiment seen across…

EURUSD recently reversed up sharply from the support area lying between the support level 1.08000 (low of the weekly Morning Star from the start of this year), lower weekly Bollinger Band and the support level 1.06000 (which started the sharp uptrend in the middle of 2017). Given the strengthening bearish…