GBPAUD today reversed down from the major resistance area lying between the long-term resistance level 1.8540 (which also stopped the previous uptrend at the start of 2018) and the upper weekly Bollinger Band.
The downward reversal from this resistance area stopped the earlier medium-term impulse wave (C) from August.
Given the overbought reading on the weekly Stochastic – GBPAUD is expected to fall further and re-test the next support level 1.8340 (former resistance from last month).
- 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
