USDCAD attacks the support – Analysis - 25-01-2019
Economies.com
2019-01-25 05:17AM UTC
The USDCAD pair opens today’s trading with clear bearish bias to press on the bullish channel’s support line that appears on the chart and moves below it now, while the EMA50 attempts to protect the price from suffering more losses.
Now, we prefer staying aside until the price confirms its next situation according to 1.3315, as confirming the break will press the price to decline towards 1.3200 areas initially, while stepping above it again will reactivate the bullish trend scenario that its next target located at 1.3382.
Expected trading range for today is between 1.3240 support and 1.3400 resistance.
Expected trend for today: Neutral
Forex and Currency 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 ...
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 Technical Analysis
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, ...
Forex
The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...