USDCAD faces some negative pressure – Analysis - 29-09-2017
Economies.com
2017-09-29 03:59AM UTC
The USDCAD pair provided negative trading yesterday to move below 1.2470, but we notice that the price begins today with slight bullish bias that hints the attempt to return to rise again, supported by the positivity that appears clearly on stochastic, besides that the EMA50 carries the price from below.
Therefore, these factors encourage us to suggest the bullish trend for today, and breaching 1.2470 will confirm opening the way to head towards 1.2723, while breaking 1.2400 represents negative factor that will push the price to test 1.2285 areas initially.
Expected trading range for today is between 1.2365 support and 1.2550 resistance.
Expected trend for today: Bullish
Forex and Currency News
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
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...