GBPUSD currency pair recently reversed up with the daily reversal pattern Bullish Engulfing from the support zone lying between the key support level 1.35750 (former multi-month low from February), lower daily Bollinger band and the support trendline of the daily down channel from the start of June. The upward reversal…

AUDNZD currency pair recently reversed up from the support zone lying between the key support level 1.05410 (former multi-month low from February), lower daily Bollinger band and the support trendline of the daily down channel from March. The upward reversal from of this support zone is likely to form the…

WTI crude oil recently reversed up from the support zone lying between the key support level 66.70 (former monthly high from March and April), lower daily Bollinger band and the 50% Fibonacci correction of the upward price impulse form March. The upward reversal from of this support zone created the…

CADJPY currency pair recently reversed up from the support zone lying between the key support level 85.600 (former multi-month low from April), lower daily Bollinger band and the 50% Fibonacci correction of the upward price impulse form January. The upward reversal from of this support zone created the daily Piercing…

GBPCAD currency pair recently reversed down from the resistance zone lying between the resistance level 1.75600 (former multi-month high from April), upper daily Bollinger band and the 61.8% Fibonacci correction of the downward price impulse form February. The downward reversal from of this resistance zone created the daily Shooting star.…

EURGBP currency pair recently reversed down from the resistance zone lying between the resistance level 0.86600 (former top of wave B from the end of May) and the upper daily Bollinger band. The downward reversal from of this resistance zone is aligned with the clear multi-month downtrend that can be…

GBPJPY currency pair recently broke sharply through support zone lying between the support levels 150.700 (low of the previous impulse wave 1), 151.35 (monthly low from June) and support trendline of the daily up channel from March. The breakout of this support zone accelerated the active impulse wave 3, which…

AUDJPY currency pair recently broke the combined support zone lying between the key support level 81.430 (low of the previous impulse wave (v)) and the 38.2% Fibonacci correction of the sharp upward impulse wave form last October. The breakout of this support zone accelerated the active impulse waves (iii) and…

USDJPY currency pair recently reversed up from the support zone lying between the key support level 109.700 (low of the previous corrections (iv) and 2), lower daily Bollinger Band, 50-day moving average and the 50% Fibonacci correction of the sharp upward impulse wave 1 from April. Given the clear daily…

AUDNZD currency pair under the strong bearish pressure after the pair broke the key support level 1.06000 (which stopped the previous sharp downward impulse wave 1 at the end of May as can be seen from the daily AUDNZD chart below). The breakout of the support level 1.06000 accelerated the…