• GBPCAD broke support level 1.7345
• Likely to fall to 1.7200
GBPCAD recently broke the support level 1.7345 (low of the previous correction (a)), intersecting with the 38.2% Fibonacci retracement of the previous upward impulse from June.
The breakout of the support level 1.7345 accelerated the active impulse wave (c) of the ABC correction (b) from last month.
GBPCAD is likely to fall further toward the next support level 1.7200 (former resistance level from July).
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…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
This website uses cookies