The USDCAD attacks the break – Analysis - 17-12-2019
Economies.com
2019-12-17 05:48AM UTC
The USDCAD pair provided clear negative trades yesterday and attempted to break 1.3155 level, but it could not manage to hold for long time below it, to move above it now, noticing that stochastic loses its positive momentum to reach the overbought areas, waiting to motivate the price to resume the negative attempts to confirm breaking the mentioned level.
Therefore, we will continue to suggest the bearish trend for the upcoming period supported by the EMA50, reminding you that our next main target reaches 1.3015.
The expected trading range for today is between 1.3080 support and 1.3220 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar under pressure ahead of Fed remarks
2024-05-20 11:53AM UTC
The dollar fell in European trade on Monday against a basket of major rivals, resuming losses and ...
Forex
Euro trades at two-month highs amid positive outlook
2024-05-20 06:38AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains and ...
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 Technical Analysis
Forex
The GBPUSD forecast update 20-05-2024
2024-05-20 10:39AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price hovers near the 1.2700$ level ...
Forex
The EURUSD price forecast update - 20-05-2024
2024-05-20 10:38AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows negative trading now, in ...
Forex
The EURJPY jumps above the barrier – Forecast today – 20-5-2024
2024-05-20 05:45AM UTC
EURJPY Pair Analysis Expected Scenario The EURJPY pair was affected by frequent positive ...