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Main » 2020 » March » 20 » Foreign Exchange Market Forecast USDCAD trading decision today 03.20.2020
10:28
Foreign Exchange Market Forecast USDCAD trading decision today 03.20.2020

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Technical Forecast USDCAD 20.03.2020

 

USDCAD pair has been falling in the wake of lowering tensions on the markets, large-scale stimulus measures by the Central Bank of the world, the weakening dollar and rising oil prices.


Price USDCAD tests midline indicator Bollinger, it is below 5 SMA and SMA 14. removals intersect thereby give a signal for sale. Relative Strength Index RSI is reduced. Stoch entered the oversold zone.

 

 

 

USDCAD trading decision

USDCAD pair is trading below 1.4415. We believe that the pair has a local potential drop to 1.4150

 

 

Analytics Grand Capital

 

Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Special Forex shall not be liable for any damages in case of a vision materials.

 

Views: 16 | Added by: mik | Rating: 0.0/0
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