EURGBP currency pair recently reversed up from the key support level 0.84100 (low of the previous minor impulse wave (i)) – standing close to the lower daily Bollinger Band. The upward reversal from the support level 0.84100 created the daily Japanese candlesticks reversal pattern Bullish Engulfing (highlighted below). Given the…

CADCHF currency pair recently reversed up from the pivotal support level 0.73850 (former multi-month high from August), intersecting with the 38.2% Fibonacci correction of the upward impulse from the middle of September. The upward reversal from the support level 0.73850 stopped the earlier corrective wave (ii) from the middle of…

GBPCAD currency pair recently reversed down from the key resistance level 1.70450 (former multi-month support from May May, as can be seen from the daily GBPCAD chart below), 20-day moving average and the 61.8% Fibonacci correction of the downward impulse from the strait of October. The downward reversal from the…

GBPJPY currency pair under the bullish pressure today – after the price reversed up from the powerful support level 156.000 (former multi-month resistance level which stopped the earlier sharp upward trend at the end of May, as can be seen from the daily GBPJPY chart below). The upward reversal from…

AUDJPY currency pair recently reversed up from the support area lying between the pivotal support level 84.790 (former strong resistance from the middle of June, as can be seen from the daily AUDJPY chart below) and the 50% Fibonacci correction of the upward price impulse from the middle of October.…

CADCHF currency pair recently reversed up from the support area lying between the key support level 1.16650 (former monthly high from the middle of August, as can be seen from the daily CADCHF chart below) and the 38.2% Fibonacci correction of the upward price impulse from the middle of September.…

  EURUSD currency pair recently reversed down from the resistance area lying between the pivotal resistance level 1.16650 (former monthly support level from the middle of August), upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from the start of September. Given the strongly bearish euro…

GBPCAD currency pair recently reversed down from the combined resistance area lying between the key resistance level 1.70450 (former multi month support level which has been reversing the pair from the middle of May as can be seen from the daily GBPCAD chart below), 20-day moving average and the 61.8%…

EURCHF currency pair under the bearish pressure today after the price broke below the multi-month support level 1.06950 (which has been reversing the pair from the middle of Septembers as can be seen from the daily EURCHF chart below). The breakout of the support level 1.06950 accelerated the active impulse…

USDJPY currency pair under the bearish pressure today after the price reversed down from the long-term resistance zone lying between the multi-year resistance level 114.500 (which reversed the pair at the end of 2018) and the upper weekly Bollinger Band. The downward reversal from this resistance zone stopped the previous…