USDCAD retests – Analysis - 05-02-2019

2019-02-05 04:53:55 GMT (Economies.com)
USDCAD retests – Analysis - 05-02-2019
 

The USDCAD pair retested 1.3128 level that was broken previously and keeps its stability below it, to keep the bearish trend scenario valid for the upcoming period, supported by stochastic negativity that appears on the four hours’ time frame, waiting to resume the bearish bias that targets 1.2922 level as a next station.

 

Note that breaching 1.3128 will push the price to test the most important resistance to the short term trades at 1.3200 before any new attempt to decline.

 

Expected trading range for today is between 1.3020 support and 1.3170 resistance.

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1205
0.0042
0.3740%
1.2713
-0.0024
0.1876%
14.565
0.147
1.023%
59.045
-3.636
5.801%
69.27
1.51
2.23%
1284.910
7.145
0.559%
 
 
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