The USDCAD breaks the support – Analysis - 19-08-2019
Economies.com
2019-08-19 05:15AM UTC
The USDCAD pair traded with clear negativity on last Friday to attack 1.3286 and settles below it, starting today with more decline to break the bullish channel’s support line, which puts the price under expected negative pressure in the upcoming period, on its way to provide negative trades that target 1.3200 followed by 1.3120 levels as next main stations.
Therefore, the bearish trend will be expected for today unless breaching 1.3286 and holding above it again.
The expected trading range for today is between 1.3190 support and 1.3340 resistance.
The expected trend for today: Bearish
Forex and Currency News
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
Dollar moves in a positive zone as US treasury yields gian ground
2024-04-22 11:41AM UTC
Dollar rose in European trade on Monday against a basket of major rivals, resuming movements in the ...
Forex
Euro gains ground and heads for $1.07
2024-04-22 07:45AM UTC
Euro rose in European trade on Monday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 23-04-2024
2024-04-23 11:05AM UTC
The GBPUSD price tested the key resistance 1.2385$ and bounced bearishly from there, to keep the ...
Forex
The EURUSD price forecast update - 23-04-2024
2024-04-23 11:05AM UTC
The EURUSD price shows sideways trades since morning, and continues to fluctuate around the EMA50, ...
Forex
The GBPCHF under the negative effect – Forecast today – 23-4-2024
2024-04-23 05:12AM UTC
GBPCHF Pair Price Analysis Expected Scenario The GBPCHF pair still affected by the ...