EURJPY currency pair is under strong bullish pressure today after the earlier upward reversal from the support area located between the key support level 135.000 and the 38.2% Fibonacci correction of the upward impulse from the start of March. The upward reversal from this support area started the active impulse…

Sterling is under strong bearish pressure today after the earlier breakout of the support area located between the support levels 1.28700, 1.26700 and the support trendline of the weekly down channel from the middle of last year. The breakout of this support area accelerated the active weekly impulse waves 3…

USDCHF currency pair rising sharply following the earlier breakout of the resistance area located between the key resistance level 0.95000 (former yearly high from last year), the resistance trendline of the weekly up channel from last November and the 61.8% Fibonacci correction of the downward impulse from the start of…

GBPCHF currency pair recently reversed up from the support zone located between the powerful support level 1.21150 (which has been reversing the pair from the start of March, as can be seen below) and the lower daily Bollinger Band. Given the strength of the aforementioned support zone, bullish divergence on…

EURNZD currency pair recently reversed down with the daily Japanese candlesticks reversal pattern Dark Cloud Cover from the resistance zone located between the key resistance level 1.63000(which stopped the previous wave A in March, as can be seen below), upper daily Bollinger Band and the 38.2% Fibonacci correction of the…

NZDCHF currency pair recently reversed up with the daily Japanese candlesticks reversal pattern Hammer from the support zone set between the key support level 0.63200 (which stopped the previous waves (iv) and 1, as can be seen below), lower daily Bollinger Band and the 50% Fibonacci correction of the upward…

EURUSD currency pair under bearish pressure after the price broke below the support level 1.07500 (which stopped the previous impulse wave 1 in the middle of April). The breakout of the support level 1.07500 accelerated the active impulse waves (3) and 3. Given the clear daily downtrend and the strongly…

GBPUSD currency pair under strong bearish pressure after this currency pair broke below the key support level 1.28600 (low of wave 2 from the end of 2020). The breakout of the support level 1.28600 accelerated the active impulse waves (iii) and 3 - which belong to the higher order impulse…

GBPJPY currency pair recently reversed down with the weekly Japanese candlesticks reversal pattern Shooting Star from the resistance area located between the resistance level 167.500, upper daily Bollinger Band and the resistance trendline of the dialy up-channel from the start 2020. Given the strongly bearish sterling sentiment seen across the…

GBPCAD currency pair recently reversed up with the daily Japanese candlesticks reversal pattern Bullish Engulfing from the support area located between the key support level 1.63250 (which has been reversing the price from the end of March, as can be seen from the daily GBPCAD chart below) and the lower…