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 support area
2019-11-11 • Updated
- GBP/CAD reversed from support area
- Next buy target - 1.732
GBP/CAD recently reversed up from the support area located between the major support level 1.7040 (which stopped the sharp downtrend at the end of May) and the lower daily Bollinger Band. The upward reversal from this support area is set to create the daily Japanese candlesticks reversal pattern Hammer. Given the oversold daily Stochastic, GBP/CAD is expected to rise further toward the next buy target at the next resistance level 1.7320.
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.
Discover the outlook for EUR/USD, EUR/GBP, and GBP/USD.
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