|
The USDCAD price declines again – Forecast today - 07-11-2024
The USDCAD price begins today with clear negativity after finding solid resistance at the recently recorded high at 1.3958$, to head towards achieving new bearish correction, its targets begin at 1.3831$, noting that breaking this level will extend the bearish wave to reach 1.3753$ as a next negative station.
Therefore, the bearish bias will be expected for today, noting that breaching 1.3958$ will stop the negative pressure and push the price to resume the bullish track again.
The expected trading range for today is between 1.3830$ support and 1.3960$ resistance
Trend forecast: Bearish
Thanks for your feedback.
The USDJPY price needs new positive momentum – Forecast today - 07-11-2024
The USDJPY price continued to rise yesterday to touch 154.70 level, waiting for more rise to achieve the first positive target at 155.00, which breaching it represents the key to head towards 156.00 followed by 156.80 levels as next positive stations.
MoreThe GBPUSD price faces solid support - Forecast today - 07-11-2024
The GBPUSD price finds solid support at 1.2866$, to fluctuate within sideways track near this level, and we still expect the continuation of the correctional bearish trend in the upcoming sessions to achieve additional negative targets that reach 1.2735$, supported by the EMA50.
MoreThe EURUSD price approaches the second target – Forecast today - 07-11-2024
The EURUSD price shows some bullish bias after approaching 1.0650$ level in the previous sessions, affected by stochastic current positivity, waiting to get negative motive that assist to push the price to resume the expected bearish trend for the upcoming period, reminding you that our next target reaches 1.0570$.
More