The USDCAD gets a negative signal – Analysis - 27-07-2022
1 year ago

The USDCAD pair provided positive trades yesterday to move above 1.2870, but we notice that the EMA50 formed good resistance against the price, to decline again and settles below the mentioned level now, and stochastic begins to overlap negatively and motivates the price to provide more negative trades in the upcoming sessions, waiting to head towards 1.2790 as a next negative target.


Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that failing to consolidate below 1.2870 will lead the price to achieve new gains and test 1.2950 areas before any new attempt to decline.



The expected trading range for today is between 1.2780 support and 1.2920 resistance.

Open Live Trading Account

The expected trend for today: Bearish

Forex and Currency News

EUR/USD news


Euro trades near six-month low ahead of major European data
14 hours ago
Euro fell in European trade on Friday against a basket of major rivals, extending losses for the ...
GBP/USD news


Sterling sharpens decline to six-month lows after surprise decision by BOE
1 day ago
Sterling fell on Thursday after Bank of England announced a surprise pause in the cycle of rate ...
Forex News


Dollar extends gains to six-month high on Fed prospects
1 day ago
US Dollar rose in European trade on Thursday against a basket of major rivals for the third ...

Forex Technical Analysis

NZD USD Analysis


Midday update for the NZDUSD 22-09-2023
11 hours ago
The NZDUSD pair breached 0.5940 level clearly to activate the positive scenario in the upcoming ...
AUD USD Analysis


Midday update for the AUDUSD 22-09-2023
11 hours ago
The AUDUSD pair trades positively to surpass 0.6440 and attempts to hold above it, to hint heading ...
GBP USD Analysis


Midday update for the GBPUSD 22-09-2023
11 hours ago
The GBPUSD pair resumes its negative trading clearly to press on the bearish channel’s ...