USDCAD recovers – Analysis - 31-08-2018
Economies.com
2018-08-31 03:34AM UTC
The USDCAD pair traded with strong positivity yesterday to settle above 1.2923 level, starting today with more rise to surpass 1.3000 barrier, which leads the price to achieve more potential gains in the upcoming sessions, on its way to test 1.3065 followed by 1.3128 levels as next main stations.
Therefore, the bullish trend will be suggested for today supported by stochastic positivity, taking into consideration that breaking 1.2923 will reactivate the negative scenario again.
Expected trading range for today is between 1.2930 support and 1.3128 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
US retail sales beat expectations in March
2024-04-15 12:39PM UTC
US retail sales rose 0.7% in March, beating estimates of a 0.4% increase, while down from 0.9% in ...
Forex
Euro tries to recoup from five-month trough amid bearish outlook
2024-04-15 08:41AM UTC
Euro rose in European trade on Monday against a basket of major rivals amid attempts to recoup from ...
Forex
Euro sharpens decline to five-month lows on concerns about the interest rate gap
2024-04-12 08:04AM UTC
Euro fell in European trade on Friday against a basket of major rivals, sharpening losses for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 16-04-2024
2024-04-16 09:48AM UTC
GBPUSD Price Forecast The GBPUSD price fluctuates positively now to head towards potential test ...
Forex
The EURUSD price forecast update - 16-04-2024
2024-04-16 09:48AM UTC
EURUSD Price Forecast The EURUSD price finds good support at 1.0600$ barrier, to show some ...
Forex
The EURGBP tends to resume the decline – Forecast today – 16-4-2024
2024-04-16 05:51AM UTC
EURGBP Price Analysis Expected Scenario The EURGBP pair confirmed its affection by the ...