EURCHF recently reversed down from the powerful resistance level 1.08700 (which has been reversing the price from September) standing near the upper daily Bollinger Band. The downward reversal from the resistance level 1.08700 stopped the previous minor ABC correction 2 from the start of October. Given the powerful bullish Swiss…

EURUSD recently reversed down from the powerful resistance level 1.20000 – which is currently being watched by all FX market participants, including the European central bank. The resistance zone near the resistance level 1.20000 is strengthened by the intersecting upper daily Bollinger Band. Given the fact that ECB mentioned that…

AUDNZD continues to fall strongly after the earlier breakout of the support area set between the support level 1.04810 (which reversed the price in April), 50% Fibonacci correction of the upward impulse from March and the support trendline of the daily down channel from the middle of August – which…

EURAUD recently reversed up from the powerful support area allocated between the multi-month support level 1.61500 (which has been reversing the pair from the middle of July) and the lower daily Bollinger Band. The upward reversal from the support level 1.61500 started the active short-term impulse wave 3. Given the…

USDCAD continues to fall after the earlier breakout of the round support level 1.30000 (which has been steadily reversing the pair from the end of August as can be seen below). The breakout of the support level 1.30000 continues the active minor impulse waves (iii) and 3 – both of…

GBPAUD recently reversed down from the resistance level 1.82750 (top of the previous minor impulse wave 1 from the start of November) - standing close to the upper daily Bollinger Band. The downward reversal from the resistance level 1.82750 created the daily Japanese candlesticks reversal pattern Bearish Engulfing – which…

GBPCAD recently reversed down sharply with the daily candlesticks reversal pattern Bearish Engulfing from the resistance level 1.74550 (which has been reversing the pair from August , as can be seen from the daily GBPCAD chart below), intersecting with the upper daily Bollinger Band. Considering the continuation of the strongly…

EURCHF recently reversed sharply from the strong resistance level 1.08750 (former monthly high from August, which has been reversing the price from June) - strengthened by the nearby upper daily Bollinger Band. The downward reversal from the resistance level 1.08750 created the daily Shooting Star which started the active short-term…

GBPCHF continues to fall after the earlier downward reversal from the major resistance level 1.22000 (which has been reversing the price from the end of April), intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 1.22000 started the active short-term impulse wave (iii). Given the…

USDCAD recently reversed up from the key multi-month support level 1.30000 (which has been reversing this currency pair from the end of August, as can be seen from the daily USDCAD chart below). The support area near the support level 1.30000 was further strengthened by the lower daily Bollinger Band.…