They are circles on the chart. A bullish island reversal is caused by a gap down, followed shortly by a gap up. Those two gaps occurred on Oct. 31 and Nov. 5. A bearish island reversal is caused ...

According to Dow Theory, a break above this swing high would confirm a reversal in trend, signalling the start of a “higher high – higher low” structure, which is a classic bullish pattern.

pattern strongly signals a bullish reversal, indicating that a positive trend may be on the horizon. The D-Smart Line indicator is closely monitored to add further weight to the bullish outlook.

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Actually, we still believe the Kiwi can see bullish reversal in 2025, after current deeper A-B-C corrective drop is finished, which is now in late stages on a daily chart. Rise above 0.60 will ...