USDCAD below the neckline – Analysis - 31-07-2018
Economies.com
2018-07-31 03:30AM UTC
The USDCAD pair closed yesterday’s trading below 1.3060 level, to keep the negative effect of the double top pattern active until now, supported by the negative pressure formed by the EMA50, waiting to resume the bearish bias that targets 1.2923 level as a next main station.
We should note that breaching 1.3128 level will stop the expected decline and push the price to start recovery attempts that target 1.3260 areas initially.
Expected trading range for today is between 1.2980 support and 1.3228 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...