• GBPCAD reversed from key support level 1.6110
• Likely to rise to resistance level 1.6325
GBPCAD currency pair recently reversed up from the key support level 1.6110 (previous monthly low from January), standing near the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from November.
The upward reversal from the support level 1.6110 stopped the previous minor impulse wave (iii).
Given the oversold daily Stochastic, GBPCAD can be expected to rise further toward the next resistance level 1.6325 (top of the previous short-term correction (ii)).
This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…
Next week, several countries including Canada, the UK, and Japan will release their estimates of…
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
This website uses cookies