USDCAD returns to the channel – Analysis - 17-10-2017
Economies.com
2017-10-17 03:39AM UTC
The USDCAD pair traded with clear positivity yesterday to settle inside the correctional bullish channel again, which stops the recently suggested negative scenario and brings the price back to the correctional bullish track that its next target located at 1.2723.
Therefore, the bullish trend will be suggested in the upcoming sessions supported by the EMA50, noting that the expected rise will remain dominant until the price manages to break 1.2470 level and hold below it again.
Expected trading range for today is between 1.2470 support and 1.2650 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...
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 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 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, ...
Forex
The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...