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.
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies