• GBPCAD reversed from support area
• Likely to rise to 1.7450
GBPCAD recently corrected up from the support zone lying between the pivotal support level 1.7210 (former resistance from the start of July), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse 1 from June.
The upward reversal from this support area stopped the previous minor ABC correction 2.
GBPCAD is likely to rise further toward the next resistance level 1.7450 (top of the (b)-wave of the previous ABC correction 2).
- 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