AUDCAD recently reversed down from the pivotal resistance level 0.8700 (former strong support from March), standing near the 61.8% Fibonacci retracement level of the previous sharp downward impulse wave (3).
The downward reversal from the resistance level 0.8700 created the daily Japanese candlesticks reversal pattern Bearish Engulfing –which was followed by the daily Shooting Star.
Give the overriding daily downtrend – AUDCAD is likely to fall further toward the next round support level 0.8500.
CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…
Exxon Mobil: ⬆️ Buy - Exxon Mobil reversed from support area - Likely to rise…
Welcome to Pro News Weekly! Here’s what is shaping the markets: 💵 The U.S. dollar…
• EURUSD falls due to geopolitics and expectations of tariff removal • Gold returns to…
Platinum: ⬇️ Sell - Platinum reversed from pivotal resistance level 150.00 - Likely to fall to…
Baidu: ⬇️ Sell - Baidu reversed from resistance zone - Likely to fall to support level…
This website uses cookies
