USD CAD loses the momentum 06/08/2013
Economies.com
2013-08-06 00:09AM UTC
The pair showed a weakness in the bullish bias yesterday, and trades now near the bullish channel’s support, showing the negative momentum clearly by Stochastic, which might stop the positive scenario and leads the price to break the channel’s support again.
Now, we prefer staying aside temporarily to be certain from the price behavior according to the support levels 1.0325 and 1.0400 resistance, these levels have the keys of detecting the next trend clearly.
Expected trading range for today is between: 1.0250 support and 1.0500 resistance.
Expected trend for today: Neutral
Forex and Currency 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 ...
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 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, ...