Gold recently reversed up from the support area lying between the key support levels 1560.00, 1540.00, lower daily Bollinger Band and the 50% Fibonacci correction of the previous sharp impulse wave from the middle of November. The upward reversal from this support area stopped the earlier short-term correction (ii). Given…

WTI recently reversed down from the resistance area lying between the key resistance level 35.000 and the 38.2% Fibonacci correction of the previous sharp impulse wave from the start of March. The downward reversal from this resistance area continues the active medium-term impulse sequence (3) from the start of January.…

GBPCHF under bearish pressure after the earlier breakout of the pivotal support level 1.21000 (former monthly high from August and monthly low from October). The breakout of the support level 1.21000 accelerated the active impulse waves 3 and (c)- which belong to the sharp multi-month downward impulse sequence (C) from…

GBPCAD recently reversed down from the resistance area lying between the long-term resistance level 1.77500 (which has been reversing the pair from the middle of 2018, as can be seen from the weekly GBPCAD chart below) and the upper weekly Bollinger Band. The downward reversal from this resistance area stopped…

EURNZD under bearish pressure after the earlier downward reversal from the multi-month resistance level 1.79300 (which stopped and reversed the previous extended uptrend in last July, as can be seen from the daily EURNZD chart below). The downward reversal from this resistance level created the daily candlesticks reversal pattern Shooting…

GBPNZD recently reversed down sharply with the daily reversal pattern Shooting Star from the long-term resistance level 2.06000 (which previously stopped the sharp upward impulse in the middle of December, as can be seen from the daily GBPNZD chart below) - strengthened by the upper daily Bollinger Band. Given the…

EURNZD under bearish pressure after the earlier downward reversal from the multi-month resistance level  1.79300 (which stopped and reversed the previous extended uptrend in last July, as can be seen from the daily EURNZD chart below). The downward reversal from this resistance level created the daily candlesticks reversal pattern Shooting…

GBPNZD recently reversed down sharply with the daily reversal pattern Shooting Star from the long-term resistance level 2.06000 (which previously stopped the sharp upward impulse in the middle of December, as can be seen from the daily GBPNZD chart below) - strengthened by the upper daily Bollinger Band. Given the…

NZDCHF recently reversed up with the weekly reversal pattern Hammer from the powerful long-term support level 0.58000 (which has been reversing the price from the start of 2015, as can be seen from the weekly NZDCHF chart below). The support zone near the support level 0.5800 was strengthened by the…

USDCHF recently reversed up sharply from the support zone lying between the weekly support level 0.92000 (which stopped the sharp downtrend at the start of 2018) and the lower weekly Bollinger Band. The upward reversal from this support zone formed the weekly Japanese candlesticks reversal pattern Hammer standing well outside…