Google is going up. When are we to expect full recovery? This short technical analysis will give you some clues where to look at.
GBP/CAD targeting lower levels
It seems the GBP/CAD looks forward to resume the bearish bias in the short-term, as it has been correcting the cycle started from May 18th and now, we can expect another leg higher to re-test the Fibonacci level of 50% at 1.7255. Around that area, a pullback could happen in order to go towards the -23.6% Fibo zone at 1.7054. To the upside, a breakout above the 200 SMA should expose the highs from May 18th.
RSI indicator remains in the negative territory, favoring to the bears.
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