The GBPCAD continues the negative stability – Analysis – 10-9-2019
Economies.com
2019-09-10 09:08AM UTC
There is no change on the GBPCAD price trading by providing repeated negative closes below the resistance at 1.6330, delaying the negative attack is caused by stochastic contradiction by its rally above 50 level, to force the price to form repeated sideways trading, to settle near 1.6250 level.
We expect forming a strong negative trading by gathering a new negative momentum in the current period to press on 1.6025 level, and breaking it will make it target the achieved bottom at 1.5870.
The expected trading range for today is between 1.6300 and 1.3025
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex
Kiwi plumbs two-week trough after disappointing labor data
2024-05-01 05:03AM UTC
The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, ...
Forex
Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...
Forex Technical Analysis
Forex
The USDCHF price gathers the positive momentum – Forecast today - 02-05-2024
2024-05-02 04:03AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price faced temporary negative pressure ...
Forex
The NZDUSD price places higher lows – Forecast today - 02-05-2024
2024-05-02 04:03AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price ended yesterday positively to settle ...
Forex
The AUDUSD price is recovering – Forecast today - 02-05-2024
2024-05-02 04:02AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price surpassed 0.6500$ level and settled ...