• USDCAD reversed from support level 1.2050
• Likely to rise to resistance level 1.2200
USDCAD currency pair recently reversed up from the support level 1.2050 (which stopped the previous minor impulse wave 1 from the start of May).
The upward reversal from the support level 1.2050 stopped the previous impulse waves 3 and (5).
Given the bullish divergence on the daily Stochastic indicator – USDCAD is likely to rise toward the next resistance level 1.2200 (top of the previous minor correction 2).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies