GBPCAD recently broke the resistance area lying between the resistance level 1.7275 (which also stopped the previous impulse wave (i)) and the 78,6% Fibonacci correction of the previous sharp downward impulse from May.
The breakout of the resistance area accelerated the impulse wave 3 from the start of November.
GBPCAD is expected to rise further toward the next resistance level 1,7500.
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- 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…
This website uses cookies
