The USDCAD resumes the decline – Analysis - 14-10-2021
Economies.com
2021-10-14 04:28AM UTC
The USDCAD pair trades negatively to move away from 1.2495 level, reinforcing the expectations of continuing the bearish trend, and the way is open to visit 1.2365 that represents our next correctional station.
Therefore, the bearish bias will remain dominant and suggested for the upcoming sessions, supported by the EMA50 that presses negatively on the price, noting that breaking the targeted level will extend the bearish wave to reach 1.2230, while holding below 1.2495 represents key condition to continue the expected decline.
The expected trading range for today is between 1.2365 support and 1.2480 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Euro trades near three-week trough on cautious remarks
2023-12-05 07:40AM UTC
Euro fell in European trade on Tuesday against a basket of major rivals, extending losses for the ...
Forex
Dollar moves in positive zone despite prospects of early rate cuts
2023-12-04 11:59AM UTC
Dollar rose in European trade on Monday against a basket of major rivals, on track for the third ...
Forex
Sterling gives up three-month high against euro on profit-taking
2023-12-04 11:31AM UTC
Sterling fell in European trade on Monday against euro away from three-month highs and on track for ...
Forex Technical Analysis
Forex
Evening update analysis for the EURUSD 05-12-2023
2023-12-05 17:01PM UTC
The EURUSD pair shows additional bearish bias to approach our waited negative target at 1.0760, and ...
Forex
Midday update for the GBPUSD 05-12-2023
2023-12-05 10:35AM UTC
The GBPUSD pair fluctuates near the EMA50, and it keeps its stability above 1.2590 level, keeping ...
Forex
Midday update for the EURUSD 05-12-2023
2023-12-05 10:35AM UTC
The EURUSD pair resumes its negtaive trading in attempt to move away from 1.0860 level, rienforcing ...