USDCAD begins negatively – Analysis - 14-08-2018
Economies.com
2018-08-14 04:15AM UTC
The USDCAD pair begins today’s trading with bearish bias to move below 1.3128 level, but we will depend on yesterday’s close above this level to keep our bullish overview on the intraday basis, waiting to breach 1.3185 level to reinforce the expectations of heading towards 1.3382 that represents our next main target.
We should note that closing the daily candlestick below 1.3128 will push the price to return to the bearish trend again, to start the negative targets at 1.2990 followed by 1.2923 levels.
Expected trading range for today is between 1.3050 support and 1.3200 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex Technical Analysis
Forex
The GBPAUD prepares to decline – Forecast today – 25-4-2024
2024-04-25 05:48AM UTC
GBPAUD Price Analysis The GBPAUD price confirmed its surrender to the domination of the bearish ...
Forex
The EURJPY achieves big gains – Forecast today – 25-4-2024
2024-04-25 05:42AM UTC
EURJPY Pair Analysis The EURJPY pair succeeded to resume the bullish attack since this morning ...
Forex
The GBPJPY resumes the rise – Forecast today – 25-4-2024
2024-04-25 05:41AM UTC
GBPJPY Pair Analysis The GBPJPY pair took advantage of the frequent positive pressures to ...