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GBPCAD reversed from key support level 1.6910 Likely to rise to resistance level 1.7230 GBPCAD currency pair recently reversed up sharply from the key support level 1.6910, (former monthly low from February), standing well below the lower daily Bollinger Band. The upward reversal from the support level 1.6910 created the strong daily Japanese candlesticks reversal […]

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11/09/2024

Elliott Wave Update: USD/JPY Moving into 138.00-140.00 Zone

USD/JPY is finally topping out this year at our 162-164 resistance area, where we called the end of a big ending diagonal on the daily chart. Notice that the price is now falling sharply and impulsively through the lower trendline support and straight, all the way down to the starting point of the wedge pattern, […]
22/11/2024

GBPCAD Wave Analysis

GBPCAD broke support zone Likely to fall to support level 1.7500 GBPCAD currency pair today broke the support zone between the support level 1.7700 (which reversed the price in August and September) and the 38.2% Fibonacci correction of the upward price move from April. The breakout of this support zone accelerated the active minor impulse […]
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USD/JPY Outlook: Dollar Remains Well Supported by Wide Gap Between Fed and BoJ Monetary Policies

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