GBPCAD continues to fall inside the short-term impulse wave C, which started recently from the resstance area lying at the intersection of the key resistance level 1.7200 (which has been reversing the price from September) and the upper daily Bollinger Band.
The active impulse wave Cs belongs to the medium-term ABC corrective wave 2 from the middle of October.
GBPCAD is expected to fall further and re-test the next strong support level 1.6600 (low of the previous waves (C), 2 and (2)).
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies
