• GBPCAD reversed from resistance level 1.7240
• Likely to fall to 1.7075
GBPCAD today reversed down from the powerful resistance level 1.7240 (former strong support from the middle of August) – intersecting with the upper daily Bollinger band and the 50% Fibonacci correction of the downward correction 2 from July.
The downward reversal from the resistance level 1.7240 stopped the previous short-term impulse wave (iii).
Given the clear bearish divergence on the daily Stochastic indicator – GBPCAD is likely to fall further toward the next support level 1.7075.
Welcome to Pro News Flash! 💵 The U.S. dollar slips 🏆 Major stock indices struggle…
Solana: ⬇️ Sell - Solana reversed from resistance zone - Likely to fall to support…
EURAUD : ⬇️ Sell - EURAUD broke the support level 1.7600 - Likely to fall…
In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…
Crypto rebounds continue; Bitcoin faces resistance, with a mixed market outlook ahead, as regulatory changes…
Coca-Cola: ⬇️ Sell - Coca-Cola reversed from long-term resistance level 73.25 - Likely to fall to…
This website uses cookies