– EURCAD reversed from resistance level 1.5110
– Likely to fall to support level 1.5000
EURCAD currency pair recently reversed down from the long-term resistance level 1.5110 (which has been reversing the price from the start of 2011), standing close to the upper weekly Bollinger Band.
The downward reversal from the resistance level 1.5110 created the weekly Japanese candlesticks reversal pattern Shooting Star.
Given the strength of the resistance level 1.5110 and the overbought daily Stochastic, EURCAD currency pair can be expected to fall further toward the next round support level 1.5000 (former resistance from the end of 2023).
- 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