The USDCAD attacks the support – Analysis - 14-08-2019
Economies.com
2019-08-14 05:11AM UTC
The USDCAD pair tested the key resistance 1.3286 yesterday and bounced downwards strongly to attack the bullish channel’s support line that appears on the chart, as it moves below it now, which keeps the bearish trend scenario valid and active for the upcoming period, on its way to achieve negative targets that start at 1.3150 and extend to 1.3050.
Therefore, the bearish trend will remain dominant for today unless the price rallied to breach 1.3286 level and hold above it.
The expected trading range for today is between 1.3140 support and 1.3300 resistance.
The expected trend for today: Bearish
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, ...