EURCAD recently broke through the support area lying between the key support level 1.5300 (former resistance from September and December) and the 50% Fibonacci correction of the previous sharp upward impulse from October.
The breakout of this support area accelerated the active impulse wave (i) – which belongs to wave C of the long-term ABC correction (4) from last year.
EURCAD is expected to fall further and re-test the next support level 1.5100 (low of the previous correction (ii) from December).
- 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
