The USDCAD approaches the target – Analysis - 19-07-2021
Economies.com
2021-07-19 02:26AM UTC
The USDCAD pair continues to rise to approach our waited target at 1.2650, and the EMA50 continues to provide the positive support to the price, to reinforce the chances of continuing the rise and achieve more gains on the short term basis, noting that surpassing the mentioned level will push the price to 1.2760 as a next main target.
On the other hand, we should note that holding above 1.2500 is important to achieve the suggested targets.
The expected trading range for today is between 1.2570 support and 1.2700 resistance.
The expected trend for today: Bullish
Forex and Currency News
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
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 24-04-2024
2024-04-24 09:29AM UTC
The GBPUSD price shows negative trades to head towards testing the key support 1.2385$, which ...
Forex
The EURUSD price forecast update - 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios The EURUSD price begins to rebound bearishly after testing ...
Forex
The CADJPY settles within the bullish track – Forecast today – 24-4-2024
2024-04-24 05:44AM UTC
CADJPY Price Analysis Expected Scenario The CADJPY price kept its consolidation within ...