USDCAD gets the positive momentum – Analysis - 04-10-2017
Economies.com
2017-10-04 03:41AM UTC
The USDCAD pair provided negative trading yesterday after finding solid resistance around 1.2530, to start testing the key support base 1.2470, which forms the first protection factor to the correctional bullish trend scenario, noticing that stochastic and the EMA50 provide positive factors now.
Therefore, we will keep our bullish overview on the intraday and short term basis unless breaking 1.2400 and holding below it, noting that breaching 1.2530 will ease the mission of heading towards our next target at 1.2723.
Expected trading range for today is between 1.2400 support and 1.2570 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex Technical Analysis
Forex
The NZDUSD price keeps rising – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
NZDUSD Price Analysis The NZDUSD price shows a more bullish bias as it approaches our awaited ...
Forex
The AUDUSD price hits the first target – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
AUDUSD Price Analysis The AUDUSD price managed to achieve our first awaited target at 0.6570$, and ...
Forex
The USDCAD price draws negative pattern – Forecast today - 03-05-2024
2024-05-03 03:36AM UTC
USDCAD Price Analysis The USDCAD price shows a bearish bias, testing the minor support at ...