AUDCHF currency pair recently reversed down from the resistance area located between the key resistance level 0.70500 (which has been reversing the price from the end of March) and the upper daily Bollinger Band. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Bearish Engulfing.…

EURUSD currency pair recently reversed up from the support area surrounding the key support level 1.08100 (which stopped the previous sharp downward impulse wave (1) at the start of March) and the lower daily Bollinger Band. The upward reversal from this support zone started the active short-term corrective wave 2.…

  EURGBP currency pair recently reversed up from the support area located between the strong support level 0.82500 (which reversed the price at the start of March) and the lower daily Bollinger Band. The upward reversal from this support zone started the active short-term corrective wave (2). Given the strength…

GBPUSD currency pair recently reversed up with the daily Doji from the support area located between the round support level 1.30000(which has been reversing the price from March) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the earlier short-term impulse wave (iii). Given the…

AUDUSD currency pair was under the bullish pressure after the price reversed up with the daily Piercing Line from the support zone lying between the key support level 0.37500 (former resistance from March), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from the middle of…

EURJPY currency pair under the bullish pressure after the pair broke the pivotal resistance level 137.000 (which stopped the previous impulse waves (1) and 1, as can be seen from the daily EURJPY chart below). The breakout of the resistance level 137.000 accelerated the active impulse waves 3 and (3).Given…

CADJPY currency pair continues to rise sharply after the earlier breakout of the round resistance level 100.00 (which has been reversing the price from the end of March - having stopped the earlier sharp impulse wave 3). The breakout of the resistance level 100.000 continues the active impulse waves (iii),…

AUDNZD currency pair recently reversed up from the support zone area set between the pivotal support level 1.08500 (which has been reversing the price from the start of this month),20-day moving average and the 61.8% Fibonacci correction of the upward impulse from last month. The upward reversal from this support…

EURCAD currency pair recently reversed up with the daily Hammer from the support zone lying between the key support level 1.36500 (which stopped the previous impulse wave (iii) at the start of April), intersecting with the support trendline of the daily down channel from last September and the lower daily…

AUDUSD currency pair recently reversed down from the key resistance level 0.75550 (top of wave (4) from last September, as can be seen from the weekly AUDUSD chart below), standing close to the upper weekly Bollinger Band. Given the strength of the aforementioned resistance level 0.75550 , overbought weekly Stochastic…