Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/CAD reversed from long-term support level 1.6600
2019-11-11 • Updated
- GBP/CAD reversed from long-term support level 1.6600
- Next buy target - 1.6900
GBP/CAD continues to advance after the earlier upward reversal from the long-term support level 1.6600 (which also previously reversed the pair November of 12017). The support area near the support level 1.6600 was strengthened by the lower weekly Bollinger Band. The upward reversal from this support level started the active impulse wave ③. GBP/CAD is expected to rise further toward the next buy target at the next resistance level 1.6900.
USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
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