EURUSD currency pair under the bearish pressure after the price broke the key support level 1.06250 (which has been reversing the price since the start of May), intersecting with the 38.2% Fibonacci correction of the previous upward ABC correction (4) from the start of May. Given the clear daily downtrend…

USDCAD currency pair recently reversed up from the key support level 1.25150 (which has been reversing the price since the start of January), strengthened by the lower daily Bollinger Band. The upward reversal from the support level 1.25150 is in the process of forming the weekly Bullish Engulfing pattern. Given…

CADCHF currency pair recently reversed down from the key resistance level 0.77900 (which stopped the previous sharp upward impulse wave in the middle of May), strengthened by the upward daily Bollinger Band. The downward reversal from this resistance level started the active short-term corrective wave (ii). Given the strength of…

EURGBP currency pair recently reversed down from the major long-term resistance 0.85900 (which has been reversing the pair from the start of November) - strengthened by the the upper daily Bollinger Band. The downward reversal from resistance 0.85900 stopped the earlier impulse wave C of the ABC correction (2). Given…

GBPNZD currency pair recently reversed up from the pivotal support level 1.91400 (which has been repeatedly reversing the pair from the middle of April), intersecting with the lower daily Bollinger Band and the 50% Fibonacci correction of the upward price impulse from the start of April. The upward reversal from…

CADCHF currency pair recently reversed up from the key support level 0.74800 (which stopped wave (a) at the end of April), intersecting with the lower daily Bollinger Band and the 50% Fibonacci correction of the upward price impulse from February. The upward reversal from support level 0.74800 continues the active…

GBPCHF currency pair recently reversed up from the strong round support level 1.20000 (which stopped wave (i) last month), intersecting with the lower daily Bollinger Band. The upward reversal from this support level 1.20000 stopped the previous short-term downward impulse waves (iii) and  Given the strength of the support level…

CADJPY currency pair recently reversed down from the strong resistance level 103.000 (former monthly high from April, which stopped wave 3), intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 103.000 stopped the previous short-term upward impulse wave (iii) from the end of May. Given…

GBPCAD currency pair recently reversed up from the key support level 1.57850 (which has been repeatedly reversing the price from the start of May), strengthened by the lower daily Bollinger Band. The upward reversal from the support level 1.57850 stopped the previous short-term downward impulse wave (iii). Given the strength…

GBPCAD currency pair earlier reversed down from the key resistance level 1.61500 (which stopped the earlier correction (ii) and (4) at the start of May), upper daily Bollinger Band, 50% Fibonacci correction of the earlier downward impulse from April and the resistance trendline of the daily down channel from March.…