GBPCAD recently reversed down from resistance zone lying between the strong resistance level 1.7040 (top of the previous impulse wave 1), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous downward impulse from May.
The downward reversal from this resistance area stopped the earlier impulse wave 3 and (3).
GBPCAD is expected to fall further and retest the next support level – 1.6700 (low of the earlier correction 2).
Positive macro statistics for the US are helping the greenback. Gold could rise to $4,610…
Crypto markets fell amid caution; Bitcoin and Ethereum face technical and investor shifts, with privacy…
Today is Thursday, January 8th, and we continue talking about the markets. Today, we will…
NZDCAD: ⬆️ Buy - NZDCAD reversed from support zone - Likely to rise to resistance…
Bitcoin: ⬇️ Sell - Bitcoin reversed from resistance zone - Likely to fall to support…
EURGBP: ⬆️ Buy - EURGBP reversed from support zone - Likely to rise to resistance…
This website uses cookies
