CHFJPY is currently trading close to the powerful resistance area lying between the key resistance level 111.850 (which has been reversing the price from the end of February) and the upper daily Bollinger Band. Given the strength of the aforementioned resistance area and the overbought daily Stochastic indicator - CHFJPY…

EURUSD recently reversed down from the resistance area lying between the key resistance level 1.11700 (which has been reversing the price from August), upper daily Bollinger Band and the 50% Fibonacci correction of the previous sharp downward impulse from June. Given the strength of the active daily downtrend and the…

  AUDNZD recently reversed down from the key resistance level 1.04500 (former strong support level which reversed the price at the start of August). The downward reversal from this resistance level created the daily Japanese candlesticks reversal pattern Bearish Engulfing. Given the strength of the previous extended downward impulse and…

GBPCAD under bearish pressure today following the earlier downward reversal from the major resistance area lying between the multi-month resistance level 1.7730 (which has been reversing the pair from May) and the upper weekly Bollinger Band. This downward reversal from this resistance area started the active impulse wave 3. Given…

AUDCAD under bearish pressure today following the earlier sharp downward reversal from the resistance area lying between the powerful resistance level 0.91100 (which has been steadily reversing the pair from September) and the upper daily Bollinger Band. This downward reversal created the candlesticks reversal pattern Bearish Engulfing. Given the strength…

AUDUSD recently reversed down from the resistance area lying between the key resistance level 0.69250 (top of the previous impulse wave 1), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp downward impulse wave from July. Given the strengthening bearish Australian dollar sentiment seen across the…

EURGBP recently reversed up sharply from the powerful support area lying between the multi-month support level 1.775 (which has been reversing the price from the middle of 2016, as can be seen from the weekly EURGBP chart below) and the lower weekly Bollinger Band. Given strength of this support area…

GBPCAD recently reversed down sharply from the strong resistance area lying between the powerful resistance level 1.77500 (which has been reversing the price from March) and the upper daily Bollinger Band. Given strength of the aforementioned resistance area, overbought daily Stochastic and the weakening bullish Sterling sentiment (retracing from maximum…

WTIUSD recently reversed up with the daily Japanese candlesticks reversal pattern Hammer from the support area lying between the support level 58.00(former resistance from November) and the 38.2% Fibonacci correction of the previous upward impulse wave (i) from last month. WTIUSD is likely to rise further in the active impulse…

AUDUSD recently broke through the resistance area lying between the resistance level 0.68500 (which reversed the price sharply at the start of December) and the 50% Fibonacci correction of the previous downward correction 2 from the start for November. Given the rising bullish sentiment affecting Australian dollar at the moment…