The USDCAD loses momentum – Analysis - 30-06-2022
Economies.com
2022-06-30 04:00AM UTC
The USDCAD pair retested the broken neckline of the double top pattern and keeps its stability below it, accompanied by stochastic loss to the positive momentum clearly, to keep the negative effect of the mentioned pattern active, waiting to resume the negative trades to test 1.2840 initially, which breaking it represents the key to rally towards 1.2770 as a next target.
Therefore, our bearish overview will remain valid unless breaching 1.2930 and holding above it.
The expected trading range for today is between 1.2810 support and 1.2950 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex Technical Analysis
Forex
The EURJPY threats the support – Forecast today – 3-5-2024
2024-05-03 07:07AM UTC
Scenarios Scenario 1: Potential for Positive Momentum EURJPY pair unable to shake off negative ...
Forex
The GBPJPY fluctuates near the support – Forecast today – 3-5-2024
2024-05-03 07:06AM UTC
Scenarios Scenario 1: Activation of Bullish Momentum GBPJPY pair forms new negative waves, ...
Forex
The USDCHF price begins the bearish correction – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
USDCHF Price Analysis The USDCHF price broke the bullish channel’s support line clearly ...