GBPCAD recently broke the support area lying between the support level 1.72000 (low of the previous minor correction from the end of August) and the 50% Fibonacci correction of the previous sharp upward impulse wave 1 from the middle of June. Given the strong bearish sentiment continuing to affect the…

GBPUSD under bearish pressure after the earlier breakout of the support trendline of the extended daily up channel from the end of June (which encloses the large part of the previous extended multi-month upward corrective wave (B) from last month). Given the powerful bearish sterling sentiment seen across the currency…

EURGBP recently reversed up from the support area located between the key support level 0.88800 (which reversed the price multiple times in June) and the lower daily Bollinger Band. Given the clear daily uptrend and the predominantly bearish sterling sentiment seen across the FX markets today – EURGBP is likely…

Gold today reversed up from the support area located between the support trendline of the long-term up channel from March and the 38.2% Fibonacci correction of the previous sharp upward impulse wave (1) from the start of June. Given the strong uptrend that can be seen on the daily Gold…

USDCHF continues to rise after the earlier upward reversal with the daily Morning Star from the support area located between the key support level 0.90200 (which stopped the previous impulse wave (iii) in the middle of August) and the lower daily Bollinger Band. Given the moderately bearish Swiss franc sentiment…

AUDCAD under bearish pressure after the recent downward reversal from the key resistance area located between the pivotal resistance level 0.96350 (which has been reversing the price from the middle of July, as can be seen below) and the upper daily Bollinger Band. Given the moderately bearish Australian dollar sentiment…

GBPUSD under bearish pressure after the earlier downward reversal from the powerful resistance area located between the long-term resistance level 1.34000 (which has been reversing the price from the middle of 2018. as can be seen below) bad the upper weekly Bollinger Band. Given the strengthening bullish Swiss franc sentiment…

NZDJPY recently reversed down from the multi-month resistance level 71.600 (former monthly high from June and July) – intersecting the upper daily Bollinger Band. The downward reversal from the resistance level 71.600 started the minor corrective wave 2. Given the mild bearish sentiment affecting the New Zealand dollar today –…

WTIUSD recently reversed down from the key resistance level 43.35 (which also stopped the previous upward impulse wave 1 at the start of August)  standing close to the upper daily Bollinger Band. The downward reversal from the resistance level 43.35 started the active impulse wave C. Given the strength of…

EURUSD recently reversed down with the daily Japanese candlestick reversal pattern Shooting Star Doji from the key resistance level 1.20000 (which stopped the previous upward impulse wave 1 in the middle of August). If the pair closes today near the current levels it will form the daily candlestick reversal pattern…