USDCAD around the moving average – Analysis - 16-10-2017
Economies.com
2017-10-16 03:46AM UTC
The USDCAD pair fluctuates around the EMA50, finding difficulty to confirm breaking 1.2470 level, while the price keeps its stability below the previously broken support of the bullish channel that appears on chart.
Therefore, we will keep our bearish overview unless breaching 1.2485 level and holding above it, noting that our waited targets begin at 1.2300 and extend to reach 1.2061 on the short term basis.
Expected trading range for today is between 1.2380 support and 1.2540 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Yen tumbles to two-week lows, triggering concerns of official Japanese intervention
2024-05-14 04:08AM UTC
Yen fell in Asian trade on Tuesday against a basket of major rivals, sharpening losses for the ...
Forex
Dollar moves in negative zone ahead of Fed remarks
2024-05-13 11:52AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming losses and ...
Forex
Euro advances towards three-week highs amid cautious trading
2024-05-13 08:51AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains against the ...
Forex Technical Analysis
Forex
The AUDCAD awaits the additional positive momentum – Forecast today – 14-5-2024
2024-05-14 05:36AM UTC
AUDCAD Price Analysis Expected Scenario The AUDCAD price formed some correctional bearish ...
Forex
The EURJPY records big gains – Forecast today – 14-5-2024
2024-05-14 05:32AM UTC
EURJPY Pair Analysis Expected Scenario The EURJPY pair continued to form strong bullish ...
Forex
The USDCHF price attempts positively – Forecast today - 14-05-2024
2024-05-14 03:54AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price resumes its positive trading and ...