WTI recently reversed down key resistance area lying at the intersection of the resistance level 58.60 (which also reversed the price earlier this month) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the earlier impulse wave (iii). Given the proximity of the aforementioned resistance…

NZDCHF recently broke through the key resistance area lying at the intersection of the resistance trendline of the daily down channel from March and the 50% Fibonacci correction of the previous sharp downward impulse wave C from July. Given the predominantly bullish sentiment affecting the New Zealand dollar, coupled with…

  NZDCAD recently reversed up from the key support level 0.85000 (former powerful resistance from September and October). The upward reversal from this support level started the active impulse wave 3 – which belongs to the medium-term upward impulse sequence (C) from the start of November. Given the strengthening bullish…

AUDNZD has been falling sharply in the last few trading sessions inside the (c)-wave of the key ABC correction 2 from the start of November. The pair is currently trading close to the key support level 1.0530 (which reversed the price with the daily Bullish Engulfing at the end of…

GBPCAD recently reversed up from the support area lying between the key support level 1.70650 (former monthly high from October) and 38.2% Fibonacci correction of the previous upward impulse wave from last month. Given the strengthening bearish Canadian dollar sentiment seen across the markets today – 1.70670 is likely to…

CHFJPY recently reversed up with the daily Japanese candlesticks reversal pattern Bullish Engulfing from the support area lying between the key support level 108.90 (former strong resistance from the end of September), lower daily Bollinger Band and 38.2% Fibonacci correction of the previous impulse wave 1. Given the bearish sentiment…

USDJPY continues to rise inside the short-term impulse wave 3, which started earlier from the support area lying between the pivotal support level 108.25 (which has been reversing the price from the middle of October), lower daily Bollinger Band and 38.2% Fibonacci correction of the previous sharp impulse wave 1.…

USDCAD recently reversed up with the daily Hammer from the support area lying between the key support level 1.3260 (which stopped the sharp uptrend in October), support trendline of the daily up channel from October and 50% Fibonacci correction of the previous sharp impulse wave 1. Given the strengthening bullish…

GBPAUD recently reversed down from the resistance zone located between the key resistance level 1.90700 (which stopped the sharp uptrend in October and also the previous impulse wave (i)) and the upper daily Bollinger Band. Given the strengthening bearish Sterling sentiment and the overbought reading on the daily Stochastic indicator…

CADCHF recently reversed up with the daily candlesticks reversal pattern Bullish Engulfing from the support area lying between the support level 0.7440 (which has been reversing the price from September), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse wave (1) from August. CADCHF is…