The USDCAD loses momentum – Analysis - 11-02-2021

2021-02-11 04:58:26 GMT (Economies.com)
 

The USDCAD pair settles below 1.2700 barrier, noticing that stochastic lost its positive momentum clearly, while the EMA50 forms continuous negative pressure against the price.

 

Therefore, these factors support the continuation of the expected bearish trend for the upcoming period, which targets 1.2635 followed by 1.2590 level as next main stations, reminding you that it is important to hold below 1.2780 to achieve these targets.

 

The expected trading range for today is between 1.2620 support and 1.2760 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1928
0.0026
0.2222%
1.3913
0.0019
0.1400%
Tadawul
10919.68
6.62
0.06%
25.939
-0.050
0.191%
73.346
1.520
2.116%
75.56
0.32
0.43%
1774.515
-3.875
0.218%
 
 
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