The USDCAD within sideways track – Analysis - 10-12-2020
Economies.com
2020-12-10 05:37AM UTC
The USDCAD pair fluctuates within sideways and tight track recently, and still inside the intraday bearish channel that appears on the chart, and the EMA50 continues to press negatively on the price.
Therefore, our bearish overview will remain valid as it is without any change, waiting to visit 1.2550 that represents our next main target, noting that it is important to hold below 1.2770 to continue the expected decline.
The expected trading range for today is between 1.2700 support and 1.2840 resistance.
The expected trend for today: Bearish
Forex and Currency 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
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 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, ...