• EURCAD reversed from support zone
• Likely to rise to resistance level 1.4350
EURCAD recently reversed up once again from the support zone lying between the key support level 1.4176 (which has been reversing the price from November) and the lower daily Bollinger Band.
The upward reversal from this support zone stopped the earlier minor impulse wave (iii).
Given the strength of the aforementioned support zone – EURCAD can be expected to rise further toward the next resistance level 1.4350 (top of the previous corrections (iv) and (ii)).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies