– 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.
Today is Monday, December 15th, and we're going to talk about the Japanese yen, where…
Trump pushes for more Fed rate cuts, while no changes are expected from the ECB…
Crypto market stays near $3T amid correction, ETF inflows rise, sentiment weakens, and volatility expected…
Gold: ⬇️ Sell - Gold reversed from strong resistance level 4350.00 - Likely to fall to…
EURGBP: ⬆️ Buy - EURGBP reversed from support zone - Likely to rise to resistance level…
Filecoin: ⬇️ Sell - Filecoin broke key support level 1.435 - Likely to fall to support…
This website uses cookies