The USDCAD keeps its negative stability – Analysis - 08-01-2021
Economies.com
2021-01-08 03:47AM UTC
The USDCAD pair attempted to beach 1.2688 level but it returned to settle below it, which keeps our bearish overview valid, supported by the negative pressure formed by the EMA50, besides the negative signals provided by stochastic, waiting to head towards 1.2585 as a next station.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 1.2750 and holding above it.
The expected trading range for today is between 1.2600 support and 1.2720 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
Forex
The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
Forex
Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...