EURCAD recently reversed down with the daily candlesticks reversal pattern Bearish Engulfing from the resistance zone located lying between the resistance level 1,4700 (which has reversed multiple upward corrections from September), upper daily Bollinger Band and the 50% Fibonacci correction of the previous sharp downward impulse from August. Given the…

GBPAUD today once again reversed down from the key resistance area lying between the powerful resistance level 1.9070 (monthly high from October, which stopped earlier waves (3) and 1) and the upper daily Bollinger Band. Given the strength of the aforementioned resistance area and the rising bearish Sterling sentiment -…

  WTI recently broke above the key resistance level 58.000, which was set as the likely upward target in our earlier forecast for this instrument. The breakout of this resistance level should accelerate the active impulse wave (iii) and iii - which belongs to the medium-term impulse wave 3 from…

GBPUSD under pressure after the earlier downward reversal from the resistance area lying between the key resistance level 1.29650 (which was set as the likely upward target in our earlier forecast for this instrument) and the upper daily Bollinger Band. Given the strong bearish Sterling sentiment seen across the markets…

WTI recently reversed up with the daily reversal pattern Bullish Engulfing from the support zone lying between the support level 55.000, lower daily Bollinger Band and the 38.2.% Fibonacci correction of the previous upward impulse from October. WTI is likely to remain under the bullish pressure and to extend the…

AUDNZD recently broke the support zone lying between the key support level 1.0660 (which created Double Bottom in October), running close to the 38.2.% Fibonacci correction of the previous upward impulse from August. Given rising New Zealand bullish sentiment - AUDNZD is likely to remain under the bearish pressure and…

EURCAD recently broke the key resistance level 1.47000 (which has been reversing the price from September). –intersecting with the 50% Fibonacci correction of the previous downward impulse 1 from August. The aforementioned price level 1.47000 is acting as the support after it was broken. Given the closeness of this support…

USDCAD recently reversed up from the key support level 1.3200 (former resistance from the end of October). The upward reversal from this support level started the (c)-wave of the active ABC correction 2 from the major support level 1.3030. Give the rising Canadian dollar bearishness seen across the markets -…

NZDCHF recently reversed down from the resistance area lying between the strong resistance level 0.63650 (which has reversed the price multiple times from the start of September) , upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous downward impulse from July. Given the moderate bearish New Zealand…

GBPAUD recently reversed down from the resistance area lying between the key resistance level 1.90700 (which stopped the previous sharp upward impulse wave 3) and the upper daily Bollinger Band. Given the strength of the aforementioned resistance area and the moderate bearish Sterling sentiment seen across the markets - GBPAUD…