The USDCAD gathers the positive momentum – Analysis - 29-04-2022

Economies.com
2022-04-29 01:24AM UTC

The USDCAD pair provided new positive trades yesterday but it returns to fluctuate around 1.2800 barrier, noticing that stochastic gets rid of its negativity clearly to reach the oversold areas, waiting to motivate the price to resume the bullish wave that its next target reaches 1.2950.

 

In general, the bullish trend will remain suggested in the upcoming sessions conditioned by the price stability above 1.2725.

 

The expected trading range for today is between 1.2750 support and 1.2900 resistance.

The expected trend for today: Bullish

Forex and Currency News

AUD/USD news

Forex

Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
GBP/USD news

Forex

Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex News

Forex

Dollar moves in a positive zone as US treasury yields gian ground
2024-04-22 11:41AM UTC
Dollar rose in European trade on Monday against a basket of major rivals, resuming movements in the ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 23-04-2024
2024-04-23 11:05AM UTC
The GBPUSD price tested the key resistance 1.2385$ and bounced bearishly from there, to keep the ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 23-04-2024
2024-04-23 11:05AM UTC
The EURUSD price shows sideways trades since morning, and continues to fluctuate around the EMA50, ...
Technical Analysis

Forex

The GBPCHF under the negative effect – Forecast today – 23-4-2024
2024-04-23 05:12AM UTC
GBPCHF Pair Price Analysis Expected Scenario The GBPCHF pair still affected by the ...