• EURCAD reversed from key resistance level 1.5975
• Likely to fall to 1.5655
EURCAD recently reversed down exactly from the key resistance level 1.5975 (which stopped the sharp uptrend in the middle of March, as can be seen below). The resistance area near the resistance level 1.5975 was strengthened by the upper daily Bollinger Band.
The downward reversal from the resistance level 1.5975 created the daily Japanese candlesticks reversal pattern Dark Cloud Cover.
EURCAD is expected to fall further toward the next support level 1.5655 (former monthly high from the end of March).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies