• GBPCAD reversed from resistance level 1.5720
• Likely to fall to support level 1.5360
GBPCAD recently reversed down from the key resistance level 1.5720 (which has been steadily reversing the pair from the start of August) intersecting with the upper daily Bollinger Band.
The downward reversal from the resistance level 1.5720 stopped the previous impulse waves (iii) and (c).
Given the clear bearish divergence on the daily Stochastic indicator, GBPCAD can be expected to fall further toward the next key support level 1.5360.
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies