The USDCAD awaits the break – Analysis - 16-12-2019
Economies.com
2019-12-16 05:56AM UTC
The USDCAD pair opens today’s trading with clear negativity to start pressing on 1.3155 level, noting that stochastic provides negative signals now to support the chances of breaking the mentioned level followed by opening the way to head towards 1.3015 that represents our next main target.
In general, we will continue to suggest the bearish trend unless breaching 1.3240 followed by 1.3295 levels and holding above them.
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
Loonie edges up after monthly employment data
2024-05-10 15:49PM UTC
The Canadian dollar rose against most major rivals following monthly jobs data which revealed solid ...
Forex
Sterling moves in a positive zone after hot growth data
2024-05-10 08:26AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Yen heads for weekly loss as intervention momentum from Japanese authorities fade
2024-05-10 04:51AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, resuming losses against the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The GBPUSD price shows slight positive trades. It might head ...
Forex
The EURUSD price forecast update - 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The EURUSD price fluctuates within tight range since morning, ...
Forex
The NZDCAD tests the resistance – Forecast today – 10-5-2024
2024-05-10 07:11AM UTC
NZDCAD Price Analysis 1. Expected Scenario NZDCAD price faces strong positive pressures ...