USDCAD gathers the positive momentum – Analysis - 11-02-2019

2019-02-11 05:23:10 GMT (Economies.com)
USDCAD gathers the positive momentum – Analysis - 11-02-2019
 

The USDCAD pair provided negative trades on last Friday but it returns to rise again, noticing that stochastic gets rid of its negative momentum and provides positive signals now that we are waiting to motivate the price to achieve more rise in the upcoming period.

 

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis supported by the EMA50, and the next target is located at 1.3382, while holding above 1.3205 represents key condition to continue the expected rise.

 

The expected trading range for today is between 1.3205 support and 1.3380 resistance.

The expected trend for today: Bullish

 
 
  Symbol Last Change Chg.%
1.1337
0.0038
0.3345%
1.3034
0.0126
0.9801%
16.005
0.226
1.433%
57.110
1.337
2.396%
67.08
0.63
0.95%
1337.870
16.535
1.251%
 
 
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