GBPCAD recently broke the support area lying between the pivotal support level 1.7340 (which has been reversing the price in the last few weeks) and the 38.2% Fibonacci correction of the previous upward impulse from last November.
The breakout of this support area should accelerate the active impulse wave C of the ABC correction (4) from March.
GBPCAD is expected to fall further and retest the next support level 1.7140 (target price for the completion of the active correction (4)).
- 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…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies
