• GBPAUD broke daily down channel
• Likely to rise to resistance level 1.8000
GBPAUD previously broke the resistance trendline of the daily down channel from December (which enclosed the previous ABC correction (2)).
The breakout of this daily down channel accelerated the active impulse wave 3 of the intermediate impulse wave (3) from the start of February.
GBPAUD can be expected to rise further toward the next round resistance level 1.8000 (top of the B wave from last month).
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
This website uses cookies