The USDCAD price hits the first target – Forecast today - 24-04-2024
Economies.com
2024-04-24 03:55AM UTC
USDCAD Price Analysis
USDCAD Scenario:
- The USDCAD price succeeded to touch our first waited negative target at 1.3660$ and attempts to break it, to support the continuation of the expected bearish trend for the upcoming period, noting that we expect to target 1.3620$ followed by 1.3565$ levels as next negative stations.
- The EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 1.3760$.
Trading Range:
- The expected trading range for today is between 1.3580$ support and 1.3750$ resistance.
Trend forecast: Bearish
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 ...