AUDCAD currency pair recently reversed up strongly from the support zone lying between the key support level 0.91500 (which has been reversing the pair from the end of July, as can be seen form the daily AUDCAD chart below) and the lower daily Bollinger Band. Given the rising USD bullish…

USDJPY currency pair recently reversed up strongly from the support zone lying between the pivotal support level 110.800 (previous monthly high from August, which stopped the previous sharp upward impulse wave 1) and the 38.2% Fibonacci correction of the previous sharp upward price thrust from last month. Given the clear…

CADJPY currency pair continues to rise strongly today after the price broke through the resistance zone lying between the resistance level 88.200 (which has been reversing the price from the end of July) and the 61.8% Fibonacci correction of the previous downward impulse from July. Given the strongly bearish yen…

WTI crude oil continues to rise strongly today after the price broke the major long-term resistance level 76.00 (previous multi-month high from July – which also stopped the previous short-term impulse wave (i)). The breakout of the resistance level 76.00 accelerated the active short-term impulse waves (iii) and 3. Given…

EURUSD currency pair under the bullish pressure today after the price reversed up with the daily Bearish Engulfing candlesticks reversal pattern from the powerful support area located between the long-term support level 1.16000 (previous monthly low from November of 2020) and the lower daily Bollinger Band. The upward reversal from…

WTI crude oil under the strong bearish pressure today after the price reversed down from the major resistance area lying between the multi month resistance level 76.30 (which stopped the sharp uptrend in July) and the upper daily Bollinger Band. The downward reversal from this from the resistance area stopped…

EURGBP currency pair recently reversed from the resistance area lying between the key resistance level 0.86600 (which has been reversing the pair from May) and the upper daily Bollinger Band. The downward reversal from this from the resistance area is aligned with the clear daily downtrend. Given the strongly bullish…

NZDUSD currency pair under the bearish pressure today after the price broke the support area lying between the key round support level 0.70000 (which has been reversing the price over the last few trading sessions) and the 50% Fibonacci correction of the earlier upward impulse wave (1) from the middle…

EURJPY currency pair under the bullish pressure today after the price reversed up from the key support level 128.00 (previous monthly low from August). The pair just broke the resistance level 129.75 (top of the previous wave (b)) – which accelerated the active impulse waves (i) and C. Given the…

GBPUSD currency pair under the bearish pressure today after the price broke the key support level 1.36000 (which has been reversing the price from July, as can be seen from the daily GBPUSD chart below). The breakout of the support level 1.36000 accelerated the active impulse waves (iii) and 3.…