The USDCAD within positive pattern – Analysis - 30-09-2022

Economies.com
2022-09-30 04:03AM UTC

The USDCAD pair’s recent trade are confined within bullish pennant pattern, thus, breaching 1.3730 will provide good positive motive that supports the expectations of continuing the main bullish trend, which targets 1.3795 followed by 1.3900 levels as next main stations.

 

Therefore, the bullish trend scenario will remain valid and active unless breaking 1.3650 and holding below it.

 

The expected trading range for today is between 1.3660 support and 1.3800 resistance.

The expected trend for today: Bullish

Forex and Currency News

Forex 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 ...
USD/JPY news

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 ...
GBP/JPY news

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

Technical Analysis

Forex

The GBPAUD hits the first target – Forecast today – 29-4-2024
2024-04-29 05:57AM UTC
GBPAUD Price Analysis Expected Scenario The GBPAUD price started to form new negative ...
EUR JPY Analysis

Forex

The EURJPY achieves fake gains – Forecast today – 29-4-2024
2024-04-29 05:51AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair started today by forming ...
GBP JPY Analysis

Forex

The GBPJPY exceeds the expectations – Forecast today – 29-4-2024
2024-04-29 05:49AM UTC
GBPJPY Price Analysis Expected Scenario The GBPJPY pair was affected by strong economic ...