EURCAD currency pair recently broke the resistance area lying between the pivotal resistance level 1.48000 (top of the narrow sideway price range inside which the price has been moving from May) and the 38.2% Fibonacci correction of the downward price impulse 5 from the middle of April. The breakout of…

AUDCHF currency pair recently broke the support area lying between the key support level 0.68720 (which has been reversing the price from last February) and the 61.8% Fibonacci correction of the upward price impulse from the middle of December – accelerating the active impulse waves 3 and (3). Given the…

WTI recently broke the support area lying between the key support level 72.80, 50% Fibonacci correction of the upward price impulse from the middle of June and the support trendline of the narrow up channel from the end of May. Given the worries about the demand for oil on reports…

EURCHF currency pair earlier reversed down from the pivotal resistance level 1.09800 (former monthly low from April, which has been reversing the pair from the start of May) – strengthened by the upper daily Bollinger Band and by the 50% Fibonacci correction of the downward impulse from April. Given the…

EURCAD currency pair earlier reversed up from the pivotal support level 1.46000 (which is the lower boundary of the sideways price range inside which the pair has been trading from the start of May) – strengthened by the lower daily Bollinger Band. Given the strongly bearish sentiment affecting the Canadian…

GBPCAD currency pair today reversed up from the major support area lying between the key support level 1.70500 (which has been steadily reversing the pair from the start of May, as can be seen from the daily GBPCAD chart below) and the lower daily Bollinger Band. Given the strong bullish…

NZDCAD currency pair today reversed up from the major support area lying between the multi-month support level 0.86300 (which has been reversing the pair October of 2020, as can be seen from the daily NZDCAD chart below) and the lower daily Bollinger Band. NZDCAD currency pair can be expected to…

AUDCAD currency pair today reversed up with the daily Bullish Engulfing candlesticks reversal pattern from the powerful support area lying between the support level 0.92600 (which has been reversing the pair from last year) and the lower daily Bollinger Band. Given the strength of the aforementioned support area and the…

GBPNZD currency pair recently reversed down with the daily Evening Star candlesticks reversal pattern from the resistance area lying between the resistance level 1.9840 and the 61.8% Fibonacci correction of the downward price impulse from the middle of June. Given the strengthening new Zealand dollar bullishness seen across the FX…

EURAUD currency pair recently reversed down from the resistance area lying between the key resistance level 1.58620 (which has been reversing the price from the end of May), upper daily Bollinger Band and the 50% Fibonacci correction of the downward price impulse from December to March. Given the strength of…