AUDCHF recently reversed up from the support area lying between the key support level 0.65000 (which has been reversing the price from the middle of June), lower daily Bollinger Band and the 38.2% Fibonacci correction of the earlier sharp upward impulse wave from May. Given the rising bullish Australian sentiment…

NZDCAD earlier reversed up from the support area lying between the key support level 0.86000 (former resistance from May), lower daily Bollinger Band and the 38.2% Fibonacci correction of the earlier multi-month upward impulse wave from March. Given the rising bullish New Zealand  sentiment seen across the FX markets today…

EURNZD recently reversed down from the resistance area lying between the key resistance level 1.82000 (which has been reversing the price from April), upper daily Bollinger Band and the 38.2% Fibonacci retracement of the earlier downward impulse wave 1from the middle of March. Given the powerful bearish sentiment affecting the…

GBPCAD recently reversed up with the daily Japanese candlesticks reversal pattern Morning Star from the support area lying between the key support level 1.7200, lower daily Bollinger Band and the 50% Fibonacci retracement of the earlier upward impulse wave 1from the middle of June. Given the rising bullish sterling sentiment…

CHFJPY recently reversed up with the daily Piercing line candlesticks reversal pattern from the key support level 116.000. The upward reversal from the support level 116.00 follows the earlier upward reversal from the same support level – which formed the daily Bullish Engulfing. Given the moderately bearish Swiss franc seen…

EURCHF recently reversed up from the key support level 1.07400 (lower boundary of the narrow sideways price channel inside which the pair has been trading from last month – as can be seen from the daily EURCHF chart below) – strengthened by the lower daily Bollinger Band. Given the moderately…

AUDCAD recently reversed up from the support zone located between the pivotal support level 0.94400 (former strong resistance from June and the low of the previous wave (a)), 61.8% Fibonacci correction of the upward impulse from June and the lower daily Bollinger band. Given the moderately bullish Australian dollar sentiment…

EURUSD under bearish pressure after the earlier downward reversal with the daily candlesticks pattern Bearish Engulfing from the resistance area lying between the strong resistance level 1.19000 (top of the previous waves (iii) and 1) and the upper daily Bollinger band. Given the strong bearish euro sentiment seen across the…

EURCAD recently broke the support area lying between the key support level 1.55900 (low of the previous correction A), intersecting with the 38.2% Fibonacci correction of the upward impulse from June and the support trendline of the daily up channel from the previous month. Given the overriding bearish sentiment affecting…

EURJPY recently reversed down from the resistance area lying between the key long-term resistance level 126.800 (former resistance from the start of 2019), intersecting with the upper weekly Bollinger Band. Given the overbought weekly Stochastic and the strength of the aforementioned resistance level 126.800 - EURJPY is likely to extend…