USDCAD heads to retest – Analysis - 04-10-2018
Economies.com
2018-10-04 03:59AM UTC
The USDCAD pair trades positively since yesterday to approach retesting 1.2923 level that was broken previously, accompanied by stochastic losing the positive momentum, besides that the EMA50 forms negative pressure against the price.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, waiting to cover the gap that appeared by the beginning of this week before resuming the expected decline, which its next target located at 1.2717, while achieving it conditions holding below 1.2923.
Expected trading range for today is between 1.2800 support and 1.2940 resistance.
Expected trend for today: Bearish
Forex and Currency 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 ...
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
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex Technical 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 ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
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, ...