USDCAD continues to fall inside the medium-term corrective wave (2) – which started earlier from the resistance area lying between the key resistance level 1.3700 (strong resistance from 2017), upper weekly Bollinger Band and the resistance trendline of the weekly up channel from the start of 2018.
The downward reversal from this resistance created the weekly Japanese candlesticks reversal pattern Evening Star.
USDCAD is expected to fall further and re-test the next support level 1.3160 (target price for the completion of the active correction (2))).
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies
