EURGBP recently reversed down sharply from the resistance area lying between the long-term resistance level 0.92900 (which has reversed the price multiple times from 2016) and the upper weekly Bollinger band. The downward reversal from this resistance area is expected to create the strong weekly Japanese candlesticks reversal pattern Shooting…

GBPCHF recently reversed up sharply from the support area lying between the multi-year support level 1.14350 (which previously stopped the sharp weekly downtrend in the middle of 2011, as can be seen from the weekly GBPCHF chart below) and the lower weekly Bollinger band. The upward reversal from this support…

GBPJPY under bullish pressure after the earlier sharp upward reversal from the support area lying between the multi-year support level 126.200 (which stopped the extended weekly downtrend at the end of 2016) and the lower weekly Bollinger band. The upward reversal from this support area stopped the previous impulse wave…

USDCAD continues to fall after the earlier downward reversal from the powerful resistance area lying between the long-term resistance level 1.46400 (which stopped the previous sharp weekly uptrend at the start of January, as can be seen from the weekly USDCAD chart below) and the upper weekly Bollinger band. Given…

EURCAD under bullish pressure after the earlier upward reversal from the support area lying between the pivotal support level 1.53000 (low of the previous daily Bullish Engulfing) and the 38.2% Fibonacci retracement of the previous sharp upward impulse wave from February. If the price closes today near the active levels…

CADJPY recently reversed down from the resistance area lying between the resistance level 77.700 (which stopped the previous sharp upward correction 4 earlier this month) – strengthened by the 38.2% Fibonacci retracement of the previous sharp downward impulse 3 from February. Given the rising bearish Canadian dollar sentiment seen across…

CADCHF recently reversed up sharply from the multi-year support area lying between the key support level 0.67700 (which stopped the sharp monthly downtrend in 2014 and 2015)–strengthened by the lower monthly Bollinger Band.The upward reversal from this support area stopped the earlier multi month downward impulse sequence(3) from the end…

EURAUD recently reversed down sharply from the resistance area lying between the key round resistance level 2.0000 , upper monthly Bollinger Bandand the resistance trend line of the monthly up channel from January. The downward reversal from this resistance area stopped the earlier multi year upward impulse sequence from the…

Gold recently reversed up sharply from the support area lying between the key support level 1460.00 (which has been reversing the price from September of 2019, as can be seen below)located close to the lower daily Bollinger Band.The upward reversal from this support area continues the active medium-term impulse wave…

XTI recently reversed up from the support area lying between the key support level 20.00 and the lower daily Bollinger Band. The upward reversal from this support area reversed the earlier short-term impulse wave 5 from the start of March. Given the strength of the previous daily impulse wave -…