The USDCAD attempts to recover – Analysis - 31-03-2020
Economies.com
2020-03-31 04:46AM UTC
The USDCAD pair provided clear positive trades yesterday to move away from 1.4015, on its way to test the key resistance 1.4264, but we notice that the EMA50 forms an obstacle against the rise, accompanied by witnessing clear negative signals through stochastic.
Therefore, these factors encourage us to suggest the bearish trend in the upcoming sessions, waiting to test 1.4015 level again, reminding you that breaking this level will push the price to 1.3813, while the expected decline will remain valid conditioned by the price stability below 1.4264.
The expected trading range for today is between 1.4050 support and 1.4264 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...