The resistance level 1.7100 holds investors back. The ascending wave pattern is truncated. There is a bearish divergence on the Awesome Oscillator. The Stochastic Oscillator signals the overbought conditions.
GBP/CAD rate online: the price movement in real time.
Trading idea:
Sell when the descending wave pattern is formed, on the …
News for today, Friday 17 December.
As fears about the Omicron variant of the coronavirus, inflation doubts and the world’s central banks game changes undermined investors confidence, the Asian stocks suffered its 13-months lows. Chinese blue chips shed 0,7% while Japan’s Nikkei shed 1,8%.
The number of new Omicron cases …
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The overall trend is ascending. The descending wave patterns are truncated. The internal descending truncated pattern has completed with the breach of the inclined channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold conditions.
Trading idea:
Buy when the ascending wave …
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