• GBPCAD reversed from resistance zone
• Likely to fall to support level 7000.00
GBPCAD recently reversed down from the resistance zone lying between the key resistance level 1.75613 (which stopped the pair in May), upper daily Bollinger band and the 61.8% Fibonacci correction of the downward impulse from February.
The downward reversal from this resistance zone created the daily candlesticks reversal pattern Shooting Star.
GBPCAD can be expected to fall toward the next support level 1.7255 (former monthly high from June).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies