USDCAD gathers momentum – Analysis - 23-10-2018
Economies.com
2018-10-23 04:10AM UTC
The USDCAD pair settles near 1.3128 level, noticing that stochastic begins to get rid of its negative momentum to approach the oversold areas, waiting to motivate the price to resume the bullish trend and breach the mentioned level to confirm extending the bullish wave towards 1.3382 that represents our next main target.
Therefore, we will keep our bullish overview for today conditioned by the price stability above 1.3060 and 1.3030 levels.
Expected trading range for today is between 1.3030 support and 1.3170 resistance.
Expected trend for today: Bullish
Forex and Currency 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 ...
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 ...
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
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 ...
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 ...
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 ...