The USDCAD loses momentum – Analysis - 18-10-2021

2021-10-18 04:21:43 GMT (Economies.com)
 

The USDCAD pair hovers around 1.2365, noticing that stochastic lost its positive momentum and begins to provide negative signals now, waiting to motivate the price to resume the correctional bearish trend, which its next target located at 1.2230.

 

The EMA50 continues to support the suggested bearish wave, which will remain valid unless the price rallied to breach 1.2495 and hold above it.

 

The expected trading range for today is between 1.2300 support and 1.2450 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0535
0.0094
0.8994%
1.2293
0.0245
2.0329%
23.157
1.801
8.433%
81.475
7.046
9.467%
85.86
-1.02
1.17%
1795.560
45.085
2.576%
 
 
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