The USDCAD faces negative pressure – Analysis - 12-07-2021
Economies.com
2021-07-12 03:57AM UTC
The USDCAD pair faced negative pressure to break 1.2500 level and settles below it, but we notice that the EMA50 attempts to protect the price to suffer more losses, while stochastic shows clear oversold signals now.
Therefore, we believe that the chances valid to trade positively in the upcoming sessions, to keep the positive scenario active on the intraday and short term basis, reminding you that our next main target extends to 1.2650, while holding above 1.2410 represents key condition to achieve it.
The expected trading range for today is between 1.2400 support and 1.2540 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...