FX.co ★ Daily Forex Analytics. Forecast of the currency exchange rate for today
USDCAD is facing bearish pressure, potential for more downside!
Price has shown a bearish breakout below the neckline of the Head and Shoulder pattern and also is holding below the EMA as well. We could see a further drop...
Simplified wave analysis and forecast for GBP/USD, AUD/USD, USD/CHF, USD/CAD on October 18
Today, trading the British pound has increased risks and can be unprofitable. It is recommended to refrain from entering the pair's market until the end of the downward pullback...
USDCAD bearish continuation | 18th Oct 2021
On the H4, we can see price approaching the intermediary resistance at 1.23953 in line with the 38.2% Fibonacci retracement. With the existing bearish sentiment where price is moving below...
CADCHF short-term bearish pressure | 15th Oct 2021
Price is holding on an ascending trendline support, showing an overall bullish trend, however, we can expect price to make a small retracement at the pivot level. We can expect...
USDCAD Bearish Continuation | 14th Oct 2021
On the H4, we are expecting to see price do a bounce from 1st support at 1.24231 in line with two 100% Fibonacci projection levels taken from different points...
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USD/CAD major Head & Shoulders reversal pattern
The USD/CAD pair was seen at the 1.2449 level at the time of writing. The bias is bearish, so the pair could drop deeper anytime. It's located in the sellers'...
Fed admits that inflation is not anymore temporary. Overview of USD, CAD, and JPY
Before the publication of the September inflation report, the CEO of the Federal Reserve Bank of Atlanta, Bostic, said that inflation is probably not temporary, but long-term. Speaking...
USDCAD Bearish Continuation | 13th Oct 2021
On the H4, current price is moving below the ichimoku cloud suggesting a continuation of its bearish movement. We are expecting to see price fall to 1st support at 1.24216...
Trading signal for USD/CAD for October 12 - 13, 2021: Buy above 1.2451 (2/8)
Our forecast for USD/CAD remains on the bearish side since this pair is trading below the 21 SMA (1.2490) and below the 200 EMA (1.2630). There is a possibility that...