The USDCAD gets a negative signal – Analysis - 09-12-2020

2020-12-09 05:27:59 GMT (Economies.com)
 

The USDCAD pair shows slight negative trades now, as we notice that stochastic provides negative overlapping signal on the four hours’ time frame, which forms good negative motive that we are waiting to push the price to resume the main bearish trend, which its next target located at 1.2550.

 

Therefore, the bearish trend scenario will remain valid and active for the upcoming period conditioned by the price stability below 1.2880.

 

The expected trading range for today is between 1.2700 support and 1.2850 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2057
0.0004
0.0332%
1.3887
-0.0007
0.0507%
Tadawul
10228.35
-26.53
0.26%
27.340
0.821
3.094%
64.684
0.774
1.211%
68.12
-0.85
1.23%
1814.365
24.780
1.385%
 
 
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