• GBPCAD reversed from support level 1.6320
• Likely to rise to resistance level 1.6475
GBPCAD recently reversed up from the key support level 1.6320 (which has been reversing the price from the end of March) – strengthened by the lower daily Bollinger Band.
The upward reversal from the support level 1.6320 created the daily candlesticks reversal pattern Bullish Engulfing.
Given the clear bullish divergence on the daily Stochastic – GBPCAD can be expected to rise further toward the next resistance level 1.6475 (which stopped the previous waves a and c).
Today is Monday, December 15th, and we're going to talk about the Japanese yen, where…
Trump pushes for more Fed rate cuts, while no changes are expected from the ECB…
Crypto market stays near $3T amid correction, ETF inflows rise, sentiment weakens, and volatility expected…
Gold: ⬇️ Sell - Gold reversed from strong resistance level 4350.00 - Likely to fall to…
EURGBP: ⬆️ Buy - EURGBP reversed from support zone - Likely to rise to resistance level…
Filecoin: ⬇️ Sell - Filecoin broke key support level 1.435 - Likely to fall to support…
This website uses cookies