USDCAD breaches the resistance – Analysis - 08-10-2018
Economies.com
2018-10-08 05:37AM UTC
The USDCAD pair traded positively on last Friday to breach 1.2923 level and settles above it, which stops the recently suggested positive scenario and push the price to rise in the upcoming period, waiting to achieve positive targets that start at 1.3000 and extend to 1.3128.
Therefore, we are waiting for more rise on the intraday basis unless breaking 1.2923 level and holding below it again.
Expected trading range for today is between 1.2900 support and 1.3050 resistance.
Expected trend for today: Bullish
Forex and Currency News
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
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
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 GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
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, ...