GBPCAD recently reversed from the resistance area lying between the resistance level 1.7700 (which also reversed the price with the weekly Evening Star in April) and the upper weekly Bollinger Band.
This resistance area was further strengthened by the 61.8% Fibonacci correction of the previous weekly ABC correction from March of 2018.
GBPCAD is expected to fall further and retest the next key support level 1.7340 (which reversed the price multiple times in the last few weeks).
- 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…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies
