The USDCAD resumes the decline – Analysis - 19-10-2020
Economies.com
2020-10-19 04:15AM UTC
The USDCAD pair bounced bearishly after testing 1.3240 level in the previous sessions, to keep the negative effect of the double top pattern active, waiting for more decline in the upcoming sessions, as our targets begin by surpassing 1.3125 support barrier to head towards 1.3035 followed by 1.2960 levels as next main stations.
We should note that the continuation of the bearish wave conditions holding below 1.3240.
The expected trading range for today is between 1.3100 support and 1.3240 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...
Forex
Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...