USDCAD reaches the target – Analysis - 04-09-2018
Economies.com
2018-09-04 04:15AM UTC
The USDCAD pair shows more rise to reach our waited target at 1.3128, getting positive support by stochastic, noticing that the price breaches the bearish channel’s resistance that appears on the chart, which hints the price head to achieve more gains in the upcoming period, waiting to breach the mentioned level to confirm extending the bullish wave towards 1.3200 followed by 1.3382.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 1.3045 level and holding below it, as breaking this level might push the price to test 1.2923 areas before any new attempt to rise.
Expected trading range for today is between 1.3045 support and 1.3200 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...
Forex
Euro under pressure ahead of European inflation data
2024-04-30 07:41AM UTC
Euro declined in European trade on Tuesday against a basket of major rivals, backing away from ...
Forex
Dollar loses ground as markets focus on corporate earnings
2024-04-29 18:46PM UTC
Dollar declined against most major rivals on Monday as markets focus on corporate earnings and the ...
Forex Technical Analysis
Forex
The GBPCHF provides positive signal – Forecast today – 1-5-2024
2024-05-01 05:33AM UTC
Scenarios and Trading Range Expected Scenarios GBPCHF price provided positive signals by ...
Forex
The EURJPY achieves the first target – Forecast today – 1-5-2024
2024-05-01 05:26AM UTC
Scenarios and Trading Range Expected Scenarios EURJPY pair took advantage of frequent ...
Forex
The GBPJPY keeps the positivity – Forecast today – 1-5-2024
2024-05-01 05:25AM UTC
Scenarios and Trading Range Expected Scenarios GBPJPY pair confirmed keeping the bullish ...