• GBPCAD reversed from support level 1.6800
• Likely to rise to 1.7000
GBPCAD recently reversed up from the support level 1.6800 (low of the previous medium-term ABC correction (2)), intersecting with the lower daily Bollinger Band and the ascending support trendline from last October.
The upward reversal from the support level 1.6800 is similar to the earlier reversal from the same level – which created the daily Piercing line earlier this month. GBPCAD is likely to rise further toward the next round resistance level 1.7000 (top of the previous minor correction).
- USDJPY reversed from support zone - Likely to rise to resistance level 155.65 USDJPY…
- Gold reversed from support zone - Likely to rise to resistance level 2400.00 Gold…
The number of operating oil rigs in the US fell by 7 to 499. This…
Market picture Crypto market capitalisation has been up 2% over the past seven days and…
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
This website uses cookies