USDCAD retests – Analysis - 05-10-2018
Economies.com
2018-10-05 04:26AM UTC
The USDCAD pair retests 1.2923 level and keeps the stability of the daily close below it, accompanied by witnessing clear overbought signals through stochastic, which supports the chances of resuming the bearish trend in the upcoming sessions, which its first main target located at 1.2717.
We should note that breaching 1.2923 and holding above it will turn the intraday and short term track to rise, to start the positive targets at 1.3128.
Expected trading range for today is between 1.2840 support and 1.3000 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...