USDCAD tests the support – Analysis - 22-11-2018
Economies.com
2018-11-22 05:06AM UTC
The USDCAD pair traded with strong negativity yesterday to approach the bullish channel’s support line that appears on the chart, accompanied by stochastic entering the oversold areas, while the EMA50 meets the mentioned support to add more strength to it.
Therefore, the overall bullish trend will remain active in the upcoming sessions, waiting to rebound bullishly to target 1.3382 level as a next main station, noting that breaking 1.3200 will force the price to achieve more decline to test 1.3128 before any new positive attempt.
Expected trading range for today is between 1.3150 support and 1.3320 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...