USDCHF recently reversed up sharply from the powerful long-term support level 0.90700 (which previously reversed the price sharply in the middle of 2015 as can be seen below). The strength of the support level 0.9070 was increased by the proximity of the lower weekly Bollinger Band. Given the strongly bearish…

EURCAD recently reversed down from the major long-term resistance level 1.59700 (which stopped the sharp uptrend in the middle of March) –standing above the upper daily Bollinger Band. The downward reversal from the resistance level 1.59700 started the active short-term corrective wave (iv). Given the medium positive Canadian dollar sentiment…

Gold recently reversed up from the support level 1950.00. The upward reversal from the support level 1950.00 started the active short-term impulse wave 5 – which belongs to the sharp upward impulse sequence (5) from the middle of July. Given the clear multi-month uptrend and the rising daily Momentum -…

EURJPY recently reversed down from the powerful resistance level 124.250 (which stopped the C-wave of the sharp ABC correction (2) at the start of June, as can be seen below) – standing close to the upper daily Bollinger Band. Given the strength of the resistance level 124.250, the overbought reading…

GBPJPY under bullish pressure following the earlier breakout of the key resistance level 136.500 (former top of the minor impulse wave (i) from the middle of July) intersecting with the 61.8% Fibonacci correction level of the previous sharp downward impulse wave 1. Given the strong bullish sentiment affecting the sterling…

WTI under bearish pressure following the earlier failed attempt to break above the key resistance level 42.00 (former top of wave (A) from the middle of June). The resistance area near the resistance level 42.00 was strengthened by the upper daily Bollinger Band. Given the clear bearish divergence on the…

GBPAUD continues to rise inside the short-term correction (ii) which today broke the resistance level 1.81650 (top of the Bearish Engulfing from the start of July). The breakout of the resistance level 1.81650 follows the earlier breakout of the daily down channel from the middle of June. Given the rising…

GBPNZD recently broke above the combined resistance area lying between the resistance level 1.96000 (former correction top from June) and the 61.8% Fibonacci retracement of the downward impulse from the start of June. Given the powerful bullish Sterling sentiment seen across the currency markets today (coupled with extreme bearishness toward…

GBPCAD continues to rise following the earlier breakout of the resistance area lying between the resistance level 1.71750 (which has been reversing the price from the start of June) and the 50% Fibonacci correction of the downward wave 2 from the start of May. Given the rising bullish Sterling sentiment…

EURGBP recently reversed down sharply with the daily Bearish Engulfing from the resistance area lying between the key resistance level 0.91350 (which stopped the earlier impulse wave 1 in June) and the upper daily Bollinger Band. Given the clear bullish sentiment affecting the Sterling today – EURGBP is likely to…