The USDCAD hits the first target – Analysis - 08-04-2020
Economies.com
2020-04-08 04:59AM UTC
The USDCAD pair succeeded to achieve our waited target at 1.4015 and closed the daily candlestick below it, which reinforces the chances of extending the correctional bearish wave, on its way to head towards 1.3813 as a next station.
Stochastic current positivity pushes the price to provide some bullish bias by today’s open, noting that the price consolidation above 1.4015 might postpone the expected decline and leads the price to achieve intraday gains that start by testing 1.4145 and might extend to 1.4264 before any new attempt to decline.
The expected trading range for today is between 1.3950 support and 1.4145 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...