The USDCAD price approaches the target – Forecast today - 29-04-2024
Economies.com
2024-04-29 03:32AM UTC
USDCAD Price Analysis
- The USDCAD price shows negative trades to settle below 1.3660$ level, falling under continuous negative pressure coming by the EMA50, while stochastic overlaps negatively now.
- Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its next targets located at 1.3620$ followed by 1.3565$, noting that breaching 1.3760$ will push the price to resume the main bullish track again, to head towards visiting the recently recorded high at 1.3845$ as a first positive target.
The expected trading range for today is between 1.3570$ support and 1.3700$ resistance.
Trend forecast: Bearish
The USDJPY price soars – Forecast today - 29-04-2024
Economies.com
2024-04-29 03:31AM UTC
USDJPY Price Analysis
- The USDJPY price succeeded to achieve our waited positive targets by the end of last Friday, as it touched 157.30 level, noticing that the price begins today with sharp bullish rally to surpass the bullish channels’ resistance lines that appear on the chart and touch the psychological barrier at 160.00, to continue recording new historical levels, and the way seems open to continue the rise and achieve additional positive target in the upcoming sessions.
- Therefore, the bullish trend will remain valid and dominant on the short-term and medium term basis, and the next target reaches 160.00, noting that breaking 158.70 will stop the expected rise and push the price to achieve some bearish correction before turning back to rise again.
The expected trading range for today is between 158.50 support and 160.30 resistance
Trend forecast: Bullish
The GBPUSD price tests the support base - Forecast today - 29-04-2024
Economies.com
2024-04-29 03:31AM UTC
GBPUSD Price Analysis
- The GBPUSD price tested 1.2480$ level and bounced bullishly from there, to resume the expected bullish wave on the intraday basis, which targets testing 1.2580$ as a first station.
- The EMA50 supports the expected rise, and breaching the targeted level will extend the bullish wave to reach 1.2700$, while holding above 1.2480$ represents key condition to achieve the suggested targets.
The expected trading range for today is between 1.2460$ support and 1.2610$ resistance.
Trend forecast: Bullish
The EURUSD price shows mixed trades – Forecast today - 29-04-2024
Economies.com
2024-04-29 03:31AM UTC
EURUSD Price Analysis
- The EURUSD price ended last Friday below 1.0715$ level, but we notice that the EMA50 formed good support to stop the decline and push the price to start recovery attempts by today’s open, accompanied by witnessing positive overlapping signal through stochastic now.
- Therefore, we believe that the chances valid to rise in the upcoming sessions, and the price needs to confirm breaching 1.0715$ to open the way to visit 1.0795$ as a first positive target, noting that breaking 1.0695 will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 1.0660$ support and 1.0800$ resistance.
Trend forecast: Bullish
Frequently asked questions
What is the price of USD/CAD today?
The price of USD/CAD is $1.3716 (2025-07-16 07:55AM UTC)