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 falling inside intermediate impulse wave (3)
2019-11-11 • Updated
- GBP/CAD falling inside intermediate impulse wave (3)
- Next sell target - 1.6220
GBP/CAD continues to fall inside the intermediate impulse wave (3) – which started earlier from the resistance area lying between the resistance level 1.6740 (former strong support level from June, acting as resistance after it was broken), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp downward impulse from the start of June. GBP/CAD is expected to fall to next sell target at the next support level 1.6220 (low of the earlier waves (B) and (1)).
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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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