USDCAD succeeds to break – Analysis - 14-06-2017
Economies.com
2017-06-14 01:34AM UTC
The USDCAD pair managed to surpass our first target at 1.3310 and settled with a daily close below it, which supports the continuation of our bearish overview efficiently in the upcoming sessions, opening the way to head towards 1.2985 as a next main station.
Therefore, the bearish trend will remain suggested on the intraday and short term basis supported by the negative pressure formed by the EMA50, noting that breaching 1.3310 will push the price to achieve some gains that start at 1.3425 and extend to 1.3574 before any new attempt to decline.
Expected trading range for today is between 1.3130 support and 1.3310 resistance.
Expected trend for today: Bearish
Forex and Currency News
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
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex Technical Analysis
Forex
The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...
Forex
The EURJPY achieves the second target – Forecast today – 26-4-2024
2024-04-26 06:47AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair formed new bullish rally ...
Forex
The GBPJPY records big gains – Forecast today – 26-4-2024
2024-04-26 06:46AM UTC
GBPJPY Price Analysis Expected Scenario The GBPJPY pair succeeded to keep the bullish ...