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 resistance area
2019-11-11 • Updated
- GBP/CAD reversed from resistance area
- Next sell target - 1.8000
GBP/CAD recently reversed down with the daily Shooting Star from the resistance area lying between the key resistance level 1.8400 (which also reversed the previous impulse wave (i) with the daily Evening Star, as can be seen below) and the upper daily Bollinger Band. GBP/CAD is expected to fall further toward the next sell target at next round support level 1.8000 (former resistance level from the start of March).
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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Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!