– USDCAD reversed from support level 1.3120
– Likely to rise to resistance level 1.3300
USDCAD currency pair recently reversed up strongly from the support level 1.3120 (previous monthly low from July), intersecting with the daily down channel from March and the lower daily Bollinger Band.
The upward reversal from the support level 1.3120 will most likely form the daily Bullish Engulfing – strong buy signal for this currency pair.
Given the bullish divergence on the daily Stochastic indicator, USDCAD currency pair can be expected to rise further toward the next resistance level 1.3300.
The crypto market has continued to cool down for the third day, with a 1.7%…
- 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…
This website uses cookies