The USDCAD declines calmly – Analysis - 03-08-2020
Economies.com
2020-08-03 03:51AM UTC
The USDCAD pair resumed its negative trades to approach 1.3362 level, and as we mentioned in our last report, the price needs to break this level to reinforce the expectations of continuing the main bearish trend and head towards our next target at 1.3270, noting that the EMA50 forms negative pressure that supports the chances of achieving the required break.
Therefore, the will continue to suggest the bearish trend for the upcoming period unless breaching 1.3425 and holding above it.
The expected trading range for today is between 1.3320 support and 1.3470 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar under pressure from US yields and Japanese authorities
2024-04-29 11:17AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming gains after a ...
Forex
Euro hovers near two-week high despite bearish outlook
2024-04-29 07:40AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains against the ...
Forex
The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 29-04-2024
2024-04-29 09:53AM UTC
Expected Scenario The GBPUSD price shows new positive trades attempting to approach the ...
Forex
The EURUSD price forecast update - 29-04-2024
2024-04-29 09:53AM UTC
Expected Scenario The EURUSD price surpassed the 1.0715$ level and closed the last four ...
Forex
The GBPAUD hits the first target – Forecast today – 29-4-2024
2024-04-29 05:57AM UTC
GBPAUD Price Analysis Expected Scenario The GBPAUD price started to form new negative ...