• GBPCAD reversed from the support level 1.7480
• Likely to reach resistance level 1.7660
GBPCAD recently reversed up from the support level 1.7480 (former low of wave (iv) from February) – intersecting with the lower daily Bollinger Band and 38.2% Fibonacci correction of the upward impulse from December.
The price will create the daily candlesticks reversal patter Morning Star – if the pair closes today near the current levels.
Given the clear bullish sterling sentiment seen today – GBPCAD is likely to rise further toward the next resistance level 1.7660 (previous minor reversal pivot).
- 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