AUDCHF recently reversed down from the resistance area lying between the resistance level 0.6790 (top of the previous impulse wave 1), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous ABC correction (B) from the middle of September. The downward reversal from the aforementioned resistance area stopped…

NZDUSD recently reversed down from the resistance area lying at the intersection of the resistance level 0.6430 (top of the previous correction 2 from September), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous impulse wave 3 from July. The downward reversal from this resistance area created…

USDCHF recently reversed up from the support area lying between the key support level 0.9850 (which stopped the previous wave B in September), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous upward impulse wave A from August. If the pair closes today near the active levels…

EURCAD recently reversed down from the resistance area lying between the strong resistance level 1.4660 (which stopped the previous wave (a) earlier this month), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous downward impulse wave (i) from the start of August. The downward reversal from the…

GBPNZD recently reversed down from the resistance area lying between the strong resistance level 2.0475 (which stopped the sharp upward impulse in October of 2018) and the upper daily Bollinger Band. The downward reversal from this resistance area started the active short-term impulse wave (i). Given the moderate bearish sentiment…

NZDUSD recently broke through the resistance area lying between the strong resistance level 0.6350 (which stopped the previous waves (a) and (b), as can be seen below) and the 61.8% Fibonacci correction of the previous sharp impulse wave 3 from the middle of September Given the moderate bullish New Zealand…

NZDCAD recently reversed up sharply from the support area lying between the key support level 0.8250 (monthly low from September) and the lower daily Bollinger Band. The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Morning Star Doji. Given the strengthening bullish sentiment affecting the…

  EURNZD under pressure following the earlier downward reversal from the resistance area lying between the strong resistance level 1.7600 (monthly high from September) and the upper daily Bollinger Band. The downward reversal from this resistance area created the daily Bearish Engulfing candlesticks reversal pattern. With the clear bearish divergence…

WTI recently reversed up from the key support level 52.80, which is the upper boundary of the strong support area which has been repeatedly reversing the price from the start of this year (as can be seen form the daily WTI chart below). The upward reversal from this support area…

  AUDUSD today broke the resistance area lying between the key resistance level 0.6800 (which reversed the price earlier this month) and the 61.8% Fibonacci correction level of the previous sharp downward impulse wave (i) from the middle of September. With the rising bullish sentiment affecting the Australian Dollar at…