– GBPCAD reversed from resistance level 1.7300
– Likely to fall to support level 1.7020
GBPCAD currency pair recently reversed down from the pivotal resistance level 1.7300 (previous monthly high from July) intersecting with the upper daily Bollinger Band.
The downward reversal from the resistance level 1.7300 started the active short-term correction ii.
Given the still overbought daily Stochastic and strong sterling sales, GBPCAD can be expected to fall further toward the next support level 1.7020 (low of the previous correction ii).
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
This website uses cookies