The USDCAD keeps its negative stability – Analysis - 22-06-2020
Economies.com
2020-06-22 04:27AM UTC
The USDCAD pair begins to provide negative trades now in attempt to move away from 1.3612, to keep the bearish trend scenario valid and active for the upcoming period, supported by stochastic move near the overbought areas, waiting to head towards 1.3362 as a next main target.
Note that breaking 1.3550 will ease the mission of achieving the above mentioned target, while holding below 1.3612 represents key condition to continue the expected decline.
The expected trading range for today is between 1.3500 support and 1.3660 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
Forex
The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Forex
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...