USDJPY currency pair recently reversed up from the support zone lying between the support level 108.550 (which has been reversing the price from the end of April), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse 1 from April. The upward reversal from this support zone…

EURUSD currency pair recently reversed down from the key resistance level 1.22500 (former monthly high from February), intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 1.22500 follows the earlier three consecutive reversals from the same resistance level 1.22500. Given the strength of the resistance…

GBPNZD currency pair recently reversed down from the key resistance level 1.97750 (former monthly high from October and March), intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 1.97750 created the daily Japanese candlesticks reversal pattern Evening Star – which stopped the previous intermediate ABC…

GBPAUD currency pair recently reversed down from the long-term resistance level 1.83200 (which has been reversing the price from last November), intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 1.83200 created the daily Japanese candlesticks reversal pattern Bearish Engulfing – which stopped the previous…

NZDCAD currency pair recently reversed up from the long-term support level 0.86300 (former monthly low from October), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 0.8630 will most likely form the daily Japanese candlesticks reversal pattern Bullish Engulfing – strong bullish signal for this…

WTIUSD recently reversed up with the daily Japanese candlesticks reversal pattern Bullish Engulfing from the support level 62.00, intersecting with the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from March. The upward reversal from the support level 62.00 started the active impulse wave 3…

GBPUSD currency pair recently reversed down from the long-term resistance level 1.42000 (which stopped the sharp uptrend in February) and the upper daily Bollinger Band. The downward reversal from the resistance level 1.4200 stopped the previous impulse waves 3 and (3). Given the strengthening bearish pressure on sterling seen across…

EURUSD currency pair recently reversed down from the pivotal resistance level 1.22300 (former multi-month high from the end of February) and the upper daily Bollinger Band. The downward reversal from the resistance level 1.22300 created the daily Japanese candlesticks reversal pattern Dark Cloud Cover – similar to the one the…

GBPCAD currency pair recently reversed down from the pivotal resistance level 1.71450 (former support from the start of April) and the 38.2% Fibonacci correction of the downward impulse from the middle of April. The downward reversal from the resistance level 1.71450 created the daily Japanese candlesticks reversal pattern Long-legged Doji.…

GBPAUD under the bearish pressure today after the price reversed down from the major resistance level 1.82300 (which has been reversing the price from November – as can be seen from the daily GBPAUD chart below) and the upper daily Bollinger Band. The downward reversal from the resistance level 1.82300…