USDCAD attempts to builds support base – Analysis - 08-03-2017
Economies.com
2017-03-08 05:23AM UTC
The USDCAD pair breached the resistance of the bullish pennant flag that we mentioned yesterday and closed the daily candlestick above it, which supports the continuation of our bullish trend expectations efficiently in the upcoming period, targeting 1.3574 levels mainly, pointing that the price begins today with slight bearish bias to fluctuate near the breached resistance.
In general, we will keep the bullish trend scenario valid on the intraday and short term basis, supported by the EMA50 unless witnessing clear break and stability below 1.3310 level.
Expected trading range for today is between 1.3310 support and 1.3500 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...