GBPCAD reversed from strong resistance level 1.7850 Likely to fall to support level 1.7700 GBPCAD currency pair today reversed down from the strong resistance level 1.7850, which stopped the previous impulse waves (i) and i in July and August respectively. The resistance level 1.7850 was further strengthened by the upper daily Bollinger Band. Given the […]
The post GBPCAD Wave Analysis appeared first on Action Forex.
Fed Chair Jerome Powell conveyed in a speech overnight that the central bank sees no immediate need to reduce interest rates quickly. He added that with an “appropriate recalibration” of monetary policy, Fed believes it Read more…
USD/CHF is facing resistance at the 0.8900 handle after breaking above the 200-day MA. The US Dollar Index (DXY) is also at multi-month resistance, raising questions about a potential pullback. The Swiss Franc’s recent weakness Read more…
GBPUSD reversed from strong support level 1.2665 Likely to rise to resistance level 1.2840 GBPUSD currency pair recently reversed up from the strong support level 1.2665 (former monthly low from August), standing close to the Read more…