USDCAD breaches the resistance – Analysis - 12-07-2018
Economies.com
2018-07-12 03:51AM UTC
The USDCAD pair traded with strong positivity yesterday to confirm breaching 1.3128 level, which activates the bullish trend scenario on the intraday and short term basis, targeting heading towards 1.3382 areas again.
Therefore, the bullish bias will be suggested for today, supported by the EMA50, noting that breaking 1.3128 will stop the suggested rise and push the price to turn to decline.
Expected trading range for today is between 1.3128 support and 1.3300 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Euro trades at two-month highs amid positive outlook
2024-05-20 06:38AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains and ...
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The EURJPY jumps above the barrier – Forecast today – 20-5-2024
2024-05-20 05:45AM UTC
EURJPY Pair Analysis Expected Scenario The EURJPY pair was affected by frequent positive ...
Forex
The GBPJPY approaches the additional target – Forecast today – 20-5-2024
2024-05-20 05:45AM UTC
GBPJPY Pair Analysis Expected Scenario The GBPJPY pair succeeded in holding above the ...
Forex
The USDCHF price awaits more rise – Forecast today - 20-05-2024
2024-05-20 03:56AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price settles above the EMA50, ...