USDCAD hits the first target – Analysis - 09-10-2018
Economies.com
2018-10-09 04:22AM UTC
The USDCAD pair managed to touch our first waited target at 1.3000 and shows slight bearish bias from there, noticing that stochastic managed to get rid of its negativity to reach the oversold areas now, waiting to motivate the price to rebound bullishly to resume the bullish trend in the upcoming sessions.
Therefore, we will keep our bullish overview conditioned by the price stability above 1.2923, noting that our next target reaches 1.3128.
Expected trading range for today is between 1.2900 support and 1.3050 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 24-04-2024
2024-04-24 09:29AM UTC
The GBPUSD price shows negative trades to head towards testing the key support 1.2385$, which ...
Forex
The EURUSD price forecast update - 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios The EURUSD price begins to rebound bearishly after testing ...
Forex
The CADJPY settles within the bullish track – Forecast today – 24-4-2024
2024-04-24 05:44AM UTC
CADJPY Price Analysis Expected Scenario The CADJPY price kept its consolidation within ...