STOCKS: reversal chart patterns
There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
GBP/CAD reversed from support area
- 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.
Dmitry Chernovolov
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STOCKS: reversal chart patterns
There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
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