USD/CAD Price Analysis: Bears are growling back at the US dollar bulls By ross_burland USDCAD Technical Analysis
With that being illustrated, there is still time to go for the weekly close, so, theoretically, that really needs to be discounted until the close but is worth some consideration nonetheless.The current price action is leaving the prospects of a bearish engulfing daily close following the prior day's doji. This is regarded as bearish and a prelude for the next days. There are expectations of a correction to test the 1.2770s, and then potentially as deep as a 38.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trader flags BTC price levels to watch as Bitcoin still risks $30K 'ultimate bottom'BTC price stares down the U.S. dollar as Bitcoin bulls hope to avoid the 'ultimate bottom.'
Read more »
USD/CAD Price Analysis: The end of the rally is nigh according to market structureUSD/CAD has continued to rally despite what some might perceive to be overextended conditions. The question traders are asking is whether this is now
Read more »
GBP/USD Price Analysis: Downside pressure from greenback bulls exposes a drop to near 1.2500GBP/USD Price Analysis: Downside pressure from greenback bulls exposes a drop to near 1.2500 By Sagar_Dua24 GBPUSD Technical Analysis ChartPatterns Momentum SupportResistance
Read more »
GBP/USD Price Analysis: Bears throwing in the towel, weekly VWAP eyedThe price has moved in a parabolic move to the downside a correction is nigh. Scanning across the time frames, once the price breaks the prior day's h
Read more »
USD/CAD eases after hitting fresh six-week high, bulls retain control above 1.2800 markThe USD/CAD pair rallied around 80 pips from the daily low and climbed to the 1.2845-1.2850 region, or a fresh six-week high during the first half of
Read more »
USD/CAD holds to near 1.2820 as investors await US Core PCEThe USD/CAD pair is trading lackluster in the early Asian session amid uncertainty over the release of the US core Personal Consumption Expenditures (
Read more »