The USDCAD achieves strong gains – Analysis - 27-04-2022

Economies.com
2022-04-27 01:26AM UTC

The USDCAD pair rallied upwards strongly to approach our first extended target at 1.2850, reinforcing the expectations of continuing the bullish trend, noting that the next target reaches 1.2950.

 

The EMA50 supports the continuation of the suggested bullish wave, which will remain valid conditioned by the price stability above 1.2725.

 

The expected trading range for today is between 1.2750 support and 1.2880 resistance.

The expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...
USD/JPY 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 ...
GBP/JPY news

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 Technical Analysis

Technical Analysis

Forex

The GBPAUD hits the first target – Forecast today – 29-4-2024
2024-04-29 05:57AM UTC
GBPAUD Price Analysis Expected Scenario The GBPAUD price started to form new negative ...
EUR JPY Analysis

Forex

The EURJPY achieves fake gains – Forecast today – 29-4-2024
2024-04-29 05:51AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair started today by forming ...
GBP JPY Analysis

Forex

The GBPJPY exceeds the expectations – Forecast today – 29-4-2024
2024-04-29 05:49AM UTC
GBPJPY Price Analysis Expected Scenario The GBPJPY pair was affected by strong economic ...