USDCAD gathers the positive momentum – Analysis - 28-09-2018

2018-09-28 03:53:33 GMT (Economies.com)
USDCAD gathers the positive momentum – Analysis - 28-09-2018
 

The USDCAD pair approached 1.3100 barrier yesterday, showing some slight bearish bias now, affected by stochastic negativity, which gets rid of its negative momentum to approach the oversold areas, which forms positive factor that we are waiting to assist to push the price to resume the bullish trend in the upcoming sessions.

 

Therefore, we will continue to suggest the overall bullish trend supported by moving above the EMA50, conditioned by the price stability above 1.2985 and the most important above 1.2923, reminding you that our next main target is located at 1.3128.

 

Expected trading range for today is between 1.2960 support and 1.3130 resistance.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1305
-0.0092
0.8081%
1.2587
-0.0116
0.9120%
14.564
-0.057
0.386%
51.211
-1.034
1.980%
60.23
-1.17
1.91%
1238.250
-9.790
0.784%
 
 
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