USDCAD recently reversed up from the support area lying between the strong support level 1.3160 (which also reversed the price in November and December), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse (1) from September.
The upward reversal from this support area started the active medium-term impulse wave (3) – which belongs to the longer-term upward impulse sequence ③ from October.
With the daily Stochastic still moving in the oversold territory – USDCAD is expected to rise further and re-test the next resistance level 1.3400.
CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…
Exxon Mobil: ⬆️ Buy - Exxon Mobil reversed from support area - Likely to rise…
Welcome to Pro News Weekly! Here’s what is shaping the markets: 💵 The U.S. dollar…
• EURUSD falls due to geopolitics and expectations of tariff removal • Gold returns to…
Platinum: ⬇️ Sell - Platinum reversed from pivotal resistance level 150.00 - Likely to fall to…
Baidu: ⬇️ Sell - Baidu reversed from resistance zone - Likely to fall to support level…
This website uses cookies
