USDCAD attempts to breach – Analysis - 30-10-2018

Economies.com
2018-10-30 04:13AM UTC

The USDCAD pair showed new attempt to breach the key resistance 1.3128 without settling above it, to continue with our neutrality until the price confirms breaching the mentioned resistance or breaking the support line that rises now to 1.3050, noting that there is a contradiction between the EMA50 positivity and stochastic negativity.

 

To review the details of the expected targets after breaching the above mentioned levels, please check our previous report.

 

Expected trading range for today is between 1.3030 support and 1.3180 resistance.

 

Expected trend for today: Neutral

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

EUR USD 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 ...
EUR USD Analysis

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, ...
Technical Analysis

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 ...