The USDCAD loses momentum – Analysis - 16-07-2019
Economies.com
2019-07-16 04:48AM UTC
The USDCAD pair fluctuates around 1.3050 level and still below it until now, accompanied by stochastic reach to the overbought areas, which forms negative factor that we are waiting to push the price to decline in the upcoming sessions, to keep our bearish overview that its next target located at 1.2945.
The EMA50 supports the suggested decline, which conditions holding below 1.3050 – 1.3070 levels.
The expected trading range for today is between 1.2960 support and 1.3100 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 24-04-2024
2024-04-24 09:29AM UTC
The GBPUSD price shows negative trades to head towards testing the key support 1.2385$, which ...
Forex
The EURUSD price forecast update - 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios The EURUSD price begins to rebound bearishly after testing ...
Forex
The CADJPY settles within the bullish track – Forecast today – 24-4-2024
2024-04-24 05:44AM UTC
CADJPY Price Analysis Expected Scenario The CADJPY price kept its consolidation within ...