The USDCAD shows mixed trades – Analysis - 28-10-2021
Economies.com
2021-10-28 04:11AM UTC
The USDCAD pair showed temporary rise yesterday but it declined strongly to reach 1.2300 barrier, noticing that the price begins today positively to settle above 1.2365 level again, facing contradicted technical factors, represented by stochastic positivity and the EMA50 negativity.
Therefore, we prefer to stay aside now until the price confirms its situation according to 1.2365 level, noting that holding above it will push the price to achieve intraday gains that target testing 1.2475 mainly, while trading below it will put the price under new negative pressure that its targets begin by visiting 1.2230 areas.
The expected trading range for today is between 1.2320 support and 1.2440 resistance.
The expected trend for today: Neutral
Forex and Currency News
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex Technical Analysis
Forex
The USDCHF price faces solid resistance – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price encountered solid resistance at ...
Forex
The NZDUSD price rises again – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price has returned to rise after a ...
Forex
The AUDUSD price attempts positively – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price has shown new positive trades ...