– GBPCAD reversed from resistance level 1.7280
– Likely to fall to support level 1.7100
GBPCAD currency pair recently reversed down from the long-term resistance level 1.7280 (strengthened by the upper daily Bollinger Band), which has been reversing the pair from the start of July, as can be seen below.
The pair is currently forming the daily Evening Star – strong sell signal for this currency pair.
Given the strength of the resistance level 1.7280, strongly overbought daily Stochastic, GBPCAD currency pair can be expected to fall further to the next support level 1.7100.
- EURCAD reversed from pivotal support level 1.4900 - Likely to rise to resistance level…
- EURUSD reversed from support level 1.1030 - Likely to rise to resistance level 1.1200…
The unwinding of the carry trade in the FX market continues, with the major safe…
Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below…
- AUDUSD reversed from support level 0.6700 - Likely to rise to resistance level 0.6800…
- Gold reversed from support level 2475.00 - Likely to rise to resistance level 2535.00…
This website uses cookies