The USDCAD confirms the break – Analysis - 18-05-2022

Economies.com
2022-05-18 04:20AM UTC

The USDCAD pair ended yesterday below 1.2840 level, to confirm the continuation of the correctional bearish pressure, on its way to visit 1.2767 that represents the next negative target.

 

Therefore, our bearish overview will remain valid for the upcoming period, noting that breaching 1.2840 will stop the current negative pressure and lead the price to attempt to return to the main bullish track again.

 

The expected trading range for today is between 1.2750 support and 1.2890 resistance.

Open Live Trading Account

The expected trend for today: Bearish

Forex and Currency News

USD/JPY 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 ...
EUR/USD news

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 ...
USD/JPY news

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

GBP USD 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 ...
EUR USD Analysis

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 ...
Technical Analysis

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 ...