USDCAD tests the first support – Analysis - 12-12-2018
Economies.com
2018-12-12 05:19AM UTC
The USDCAD pair tests the first key support 1.3382 and moves below it now, accompanied by stochastic entering the oversold areas, waiting to motivate the price to resume the expected bullish trend on the intraday and short term basis, which gets continuous positive support by the EMA50.
The next positive target is located at 1.3500, noting that the continuation of the bearish bias and breaking 1.3320 will stop the expected rise and lead the price to turn to decline.
Expected trading range for today is between 1.3300 support and 1.3470 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex Technical Analysis
Forex
The GBPCHF returns to the negative track – Forecast today – 8-5-2024
2024-05-08 05:27AM UTC
Expected Scenarios GBPCHF price encounters solid barrier at 1.1518 during correctional bullish ...
Forex
The EURJPY keeps the bullish bias – Forecast today – 8-5-2024
2024-05-08 05:21AM UTC
Expected Scenarios EURJPY pair remains stable within bullish channel Continuous support from ...
Forex
The GBPJPY faces difficulty to surpass the barrier – Forecast today – 8-5-2024
2024-05-08 05:20AM UTC
Expected Scenarios GBPJPY pair consolidates within bullish channel Positive momentum from ...