The USDCAD price retests the neckline – Forecast today - 18-03-2024
Economies.com
2024-03-18 03:16AM UTC
The USDCAD price retested the breached neckline of the double bottom pattern and bounced upwards clearly from there, to support the continuation of the expected bullish trend on the intraday basis, which targets testing 1.3605 as a next station.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the suggested rise, which will remain valid unless breaking 1.3505 and holding below it.
The expected trading range for today is between 1.3500 support and 1.3610 resistance.
Trend forecast: Bullish
Forex and Currency News
Forex
BOE holds interest rates unchanged for sixth straight meeting
2024-05-09 11:33AM UTC
Bank of England voted to hold interest rates unchanged for the fifth straight meeting at 5.25%, the ...
Forex
Sterling under pressure ahead of BOE decisions
2024-05-09 07:50AM UTC
Sterling fell in European trade on Thursday against a basket of major rivals, extending losses for ...
Forex
Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 09-05-2024
2024-05-09 09:34AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price achieved initial break to ...
Forex
The EURUSD price forecast update - 09-05-2024
2024-05-09 09:34AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price resumes its negative trading to ...
Forex
The EURGBP begins to rise – Forecast today – 9-5-2024
2024-05-09 05:54AM UTC
EURGBP Price Analysis Expected Scenario The EURGBP price succeeded to hold above 38.2% ...