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).
- GBPUSD broke support zone - Likely to fall to support level 1.2465 GBPUSD currency…
- USDCHF broke resistance zone - Likely to rise to resistance level 0.9000 USDCHF currency…
The decline in EURUSD was driven by weak PMI figures, with France and Germany both…
Gold has reached record high in euro above 2600, and growing fast in dollar terms…
The crypto market is booming as the anticipation of regulatory changes grows. Bitcoin nears $100K,…
- GBPCAD broke support zone - Likely to fall to support level 1.7500 GBPCAD currency…
This website uses cookies