The GBPCAD repeats the negative closings – Analysis – 22-9-2022
Economies.com
2022-09-22 04:14AM UTC
No change to the GBPCAD pair’s negative track, as it keeps providing frequent negative closings below the bearish channel’s resistance line at 1.5285, in addition to forming additional barrier at 1.5235 as appears on the chart.
These factors allow us to wait to gather the negative momentum to manage to activate the bearish track again, to expect crawling towards 1.5110 level soon, followed by repeating the pressure on the additional support 1.5000 in order to find a way to resume the negative attack in the upcoming period.
The expected trading range for today is between 1.5235 and 1.5110
The expected trend for today: Bearish
Forex and Currency News
Forex
Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...
Forex
Dollar reverses higher as markets speculate about interest rates
2024-05-06 20:54PM UTC
The dollar rose against most major rivals on Monday after stabilizing earlier in the ...
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex Technical Analysis
Forex
The EURJPY achieves some targets – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
Forex
The GBPJPY begins to rise – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
Forex
The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...