Forex
The USDCAD prepares to rise – Analysis - 27-10-2021
2021-10-27 04:28:26 GMT
(Economies.com)
The USDCAD pair settles above 1.2365 level, and the inverted head and shoulders’ pattern is completed, waiting to breach the neckline at 1.2400 to activate the positive effect of this pattern followed by rallying bullishly to visit 1.2475 that represents our main target.
In general, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 1.2365.
The expected trading range for today is between 1.2320 support and 1.2460 resistance.
The expected trend for today: Bullish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.0331
|
-0.0110
|
1.0535%
|
|
|
|
|
1.1973
|
-0.0075
|
0.6233%
|
|
|
|
|
21.223
|
-0.133
|
0.620%
|
|
|
|
|
78.674
|
4.245
|
5.703%
|
|
|
|
|
84.51
|
1.63
|
1.97%
|
|
|
|
|
1749.815
|
-0.660
|
0.038%
|
|
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