USDCHF activates the negative pattern – Analysis - 23-05-2018
Economies.com
2018-05-23 01:28AM UTC
The USDCHF pair succeeded to break 0.9955 level and hold with a daily close below it, confirming the completion of the double top pattern that appears on the chart, which forms negative motive that we are waiting to push the price to head towards 0.9850 on the near term basis.
Therefore, the bearish bias will remain suggested in the upcoming period, noting that breaching 0.9955 might push the price to test 1.0055 areas before any new attempt to decline.
Expected trading range for today is between 0.9850 support and 0.9970 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...
Forex
The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...