The GBPCAD tests the support – Forecast today – 25-3-2024
Economies.com
2024-03-25 05:20AM UTC
The GBPCAD pair touched the main bullish channel’s support line at 1.7075 during the recent correctional decline, to form solid obstacle against the attempt to move to the bearish track and notice forming quick bullish rebound to settle near 1.7145.
We notice the MA55 approach to the mentioned major support to confirm confining trades within the bullish track, allowing us to wait to gather the additional positive momentum and ease the mission of targeting many positive stations that might start at 1.7190 followed by reaching the next obstacle at 1.7245.
The expected trading range for today is between 1.7120 and 1.7190
Trend forecast: Bullish
Forex and Currency News
Forex
Euro trades at two-month highs amid positive outlook
2024-05-20 06:38AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains and ...
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The EURJPY jumps above the barrier – Forecast today – 20-5-2024
2024-05-20 05:45AM UTC
EURJPY Pair Analysis Expected Scenario The EURJPY pair was affected by frequent positive ...
Forex
The GBPJPY approaches the additional target – Forecast today – 20-5-2024
2024-05-20 05:45AM UTC
GBPJPY Pair Analysis Expected Scenario The GBPJPY pair succeeded in holding above the ...
Forex
The USDCHF price awaits more rise – Forecast today - 20-05-2024
2024-05-20 03:56AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price settles above the EMA50, ...