The USDCAD touches the first target – Analysis - 01-12-2020
Economies.com
2020-12-01 04:58AM UTC
The USDCAD pair managed to touch our first waited target at 1.2960 and attempted to break it, noticing that the EMA50 continues to press negatively on the price, while stochastic lost its positive momentum to reach the overbought areas.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, reminding you that our next target reaches 1.2785, while achieving it requires holding below 1.3055.
The expected trading range for today is between 1.2890 support and 1.3020 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex
Kiwi plumbs two-week trough after disappointing labor data
2024-05-01 05:03AM UTC
The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, ...
Forex
Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...
Forex Technical Analysis
Forex
The EURUSD price forecast update - 01-05-2024
2024-05-01 10:07AM UTC
EURUSD Price Analysis: Expected Scenarios The EURUSD price shows some slight bullish bias now, ...
Forex
The GBPCHF provides positive signal – Forecast today – 1-5-2024
2024-05-01 05:33AM UTC
Scenarios and Trading Range Expected Scenarios GBPCHF price provided positive signals by ...
Forex
The EURJPY achieves the first target – Forecast today – 1-5-2024
2024-05-01 05:26AM UTC
Scenarios and Trading Range Expected Scenarios EURJPY pair took advantage of frequent ...