The USDCAD completes a negative pattern – Analysis - 08-02-2021

2021-02-08 05:07:50 GMT (Economies.com)
 

The USDCAD pair traded with clear negativity in the previous sessions to break 1.2780 level and settles below it, to notice that the price completed forming triple top pattern that has negative targets that reach 1.2635 and 1.2590 levels.

 

Therefore, the bearish trend will be expected for today, taking into consideration that breaching 1.2780 and holding above it again will push the price to achieve new gains that target 1.2895 level mainly.

 

The expected trading range for today is between 1.2780 support and 1.2820 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2057
0.0004
0.0315%
1.3888
-0.0006
0.0439%
Tadawul
10228.35
-26.53
0.26%
27.351
0.832
3.137%
64.833
0.923
1.444%
68.11
-0.84
1.22%
1814.655
25.070
1.401%
 
 
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