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At the beginning of November, NZD/JPY broke above the downtrend trendline, which could have been the very first sign of a trend reversal. Then it went further up and broke above the 200 Exponential Moving Average. But throughout the past 3 weeks, the price was struggling to break above the 200 Simple Moving Average. But today, a new higher high is being produced,...

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Since Gold has reached the bottom near 1765, the price has been rising consistently. The most recent price action shows that the uptrend trendline got rejected cleanly, implying the uptrend continuation. Also, the support area near 1860 was also rejected along with the 200 Exponential Moving Average. A very interesting fact is that XAU/USD might have confirmed...

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Starting from November 2, the NZD/USD has been steadily rising from 0.6588 and tested the high at 0.7168 on December 17. It would be reasonable to assume that the correction is likely to occur in the nearest future, after such consistent growth. The current price action supports this scenario to some extent because recently, there was a break below the ascending...

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The EUR/CAD has been steadily moving up since the beginning of November after the price found the bottom at 1.5312. At this time, the 200 Simple Moving Average was rejected, after which the price broke above the 20 EMA as well as the top of the descending channel. The correction down followed, and yet again, 200 SMA got rejected, and EUR/CAD produced a new higher...

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On December 16, there was yet another historical moment for Bitcoin because this was the day when price established yet another all-time high since 2017. Yes, after 3 years price finally broke above the 20k USD, which implies a strong buying pressure for the BTC/USD in the long run. Price has reached the 24k USD high and is currently consolidating near this...

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Since April 2019, USD/CHF has been trending down, without any signs of a trend reversal. And still, price continues to produce lower lows and lower highs, suggesting the validity of the downtrend. However, the most recent price action shows that the 161.8% Fibonacci retracement level, applied to the previous upside correction, got rejected right at 0.8850. It was...

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The WTI price has been rising since early November when it tested the low at 33.60. In just 2 months, the price has grown by 48.86% as the recent high has been produced at 49.28. While the price has been printing higher highs, the CCI oscillator has been printing lower lows, thus forming a bearish divergence on the 4-hour timeframe straight after the price went...

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Since October 22, GBP/NZD has been trending down consistently. Price went down from 1.9800 resistance to 1.8500 support area in just two months. This was a considerable price drop of nearly 1300 pips. Nonetheless, after hitting a 1.8520 low, GBP/NZD recovered quite strongly and managed to break above the downtrend trendline. Today there was a second break above...

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Since August this year, the price of gold remains within the descending channel. In December, there was a clean bounce off the 50 Exponential Moving average, along with the 78.6% Fibonacci retracement level at 1895. After this bounce price went down sharply and declined towards the previously formed resistance at 1764. Now, this level became a strong demand area,...

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The GBP/CHF currency pair has been trading within a very wide range through almost the entire year. The consolidation has begun back in April, where the price found resistance near the 1.2200 area. This resistance became a strong supply zone and was rejected multiple times. On the other side, there is the support, which has been formed near 1.1700 and also was...

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Since June, EUR/CHF has been trapped between the the1.0650 support and 1.0870 resistance area. Thought throughout these past 6 months, price action started to favor the bullish trend, as it continues to move higher and reject support levels one by one. The first rejection of the support occurred back in June, where the previous level of resistance at 1.0600...

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The last week, CHF/JPY potentially produced a double top near the 117.80 resistance area, which was already rejected twice in July-August. This shows that bears are strongly defending this area and might start to push the price lower, but only as long as resistance holds. Based on two Fibonacci retracement indicators, applied to the last wave up as well as the...

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Since March, the EUR/NZD has been moving within the descending channel, clearly showing the bearish trend. But since November, there were at least two rejections off the middle trendline of the descending channel, potentially signaling the incoming upside correction. At the same time, the RSI oscillator formed a bullish divergence, yet again confirming a high...

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On December 3rd, NZD/CAD topped out while testing the 0.9160 high. After this price went down sharply and broke below the 50 Exponential Moving Average as well as the uptrend trendline. Probably this was the first indication that NZD/CAD is under selling pressure, which is highly likely to continue. This is because, after the break below the trendline, the price...

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On the daily timeframe, GBP/AUD could be forming a double bottom near 1.7500 psychological support. Price has spiked down, below the previously established low at 1.7489, and tested the 1.7424, which is the lowest price since the beginning of this year. Nonetheless, the daily closing price remained above the 1.7489 support, suggesting the double bottom...

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NZD/JPY formed the top near the 74.00 psychological resistance while moving just a few pips above that level. Since December 11th, the MACD oscillator started to form a bullish divergence. It can be seen that in the medium and short term, there is a double bearish divergence, which implies the potential trend reversal or a corrective move down. After price broke...

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On December 1st, AUD/NZD has found the bottom at 1.0416. After this, the price has been on a consistent rise, where firstly it broke above the 50 Exponential Moving Average. This MA has been acting as the support and was rejected, followed by a new higher high by AUD/NZD. It resulted in the break above the descending channel along with the 200 Simple Moving...

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On the weekly chart, it is obvious that GBP/CAD has been in the consolidation phase since the end of 2016, when the price bottomed out at 1.5730. While in the long-term perspective, there is no definitive trend, in the medium term, GBP/CAD could be aiming for the top of the range, which is near 1.7930. It can be seen that the price broke above the downtrend...