WTI recently reversed up sharply from the support area lying between the long-term support level 43.600 (which previously stopped the downtrends in 2017 and 2018, as can be seen from the weekly WTI chart below) and the lower weekly Bollinger Band. The upward reversal from this support area stopped the…

EURCHF recently reversed down sharply from the resistance area lying between the pivotal resistance level 1.07000 (which also stopped the earlier short-term correction (iv) at the start of February and the upper daily Bollinger Band. The downward reversal from this resistance area created the daily candlesticks reversal pattern Evening Star.…

GBPCAD recently reversed up from the support area lying between the key support level 1.7000 (which has been reversing the price from the end of December), lower daily Bollinger Band and the 38.2% Fibonacci retracement of the previous upward impulse wave (1) from August. With the moderately bearish sentiment affecting…

EURUSD recently reversed down from the resistance area lying between the pivotal resistance level 1.12000 (which has been reversing the price from last August), upper daily Bollinger Band and the resistance trendline of weekly down channel from 2018. The downward reversal from this resistance area stopped the previous sharp correction…

AUDJPY recently reversed up from the major support area lying between the key round support level 70.000 (which stopped the sharp weekly downtrend in 2019) and the lower weekly Bollinger Band. The upward reversal from this support area stopped the previous impulse waves 3 and (5). Given the strong bullish…

USDCHF earlier broke sharply through the pivotal support level 0.96250 (which reversed the price twice in January). The breakout of the support level 0.96250 strengthened the bearish pressure on this currency pair – accelerating the active impulse waves 3 and (3). Considering the moderately bullish Swiss franc sentiment seen across…

NZDUSD recently reversed up sharply from the support zone lying between the lower daily Bollinger Band, key support level 0.62000 (which stopped the previous sharp downtrend in October) and the support level 0.62500 (low of the previous correction (ii). The upward reversal form this support area started the active correction…

EURGBP recently broke sharply through the resistance zone lying between the resistance level 0.85950 (which has been reversing the price from November, as can be seen from the daily EURGBP chart below) and the 38.2% Fibonacci correction of the earlier downward impulse from October. The aforementioned price area is acting…

GBPAUD recently reversed down from the resistance zone lying between the pivotal resistance level 1.97500 (which stopped the previous impulse wave 1, as can be seen from the daily GBPAUD chart below) and the upper daily Bollinger Band. Given the overriding bearish Sterling sentiment seen cross the markets today, the…

EURNZD just reversed down from the powerful resistance zone lying between the long-term resistance level 1.76900 (which stopped the sharp uptrend in October, as can be seen from the daily EURNZD below) and the upper daily Bollinger Band. Given the clear overbought reading on the daily Stochastic indicator and the…