USDCAD hits the target – Analysis - 31-01-2019

2019-01-31 05:15:35 GMT (Economies.com)
USDCAD hits the target – Analysis - 31-01-2019
 

The USDCAD pair succeeded to achieve our main waited target at 1.3128 and settles there now, and by taking a deeper look at the chart, we find that the price completed forming head and shoulders’ pattern that has negative targets that extend to reach 1.2922 followed by 1.2717 levels as next main stations.

 

Therefore, we suggest the continuation of the bearish bias domination for today unless breaching 1.3190 level and holding above it.

 

Expected trading range for today is between 1.3030 support and 1.3200 resistance.

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1070
-0.0028
0.2546%
1.2244
0.0090
0.7413%
17.149
0.045
0.261%
54.155
-0.645
1.177%
58.86
-1.13
1.88%
1504.540
-7.725
0.511%
 
 
Live Forex Updates