USDCHF resumes the decline – Analysis - 21-05-2018
Economies.com
2018-05-21 01:43AM UTC
The USDCHF pair traded with clear negativity in the previous sessions, noticing that the price draws negative formation that appears on the chart, which means that breaking 0.9955 will activate the negative effect of this pattern and push the price towards our waited target at 0.9900 direct.
Therefore, our bearish overview will remain active, supported by stochastic reach to the overbought areas, reminding you that it is important to hold below 1.0055 to continue the expected bearish trend.
Expected trading range for today is between 0.9900 support and 1.0020 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex
Dollar moves in a positive zone as US treasury yields gian ground
2024-04-22 11:41AM UTC
Dollar rose in European trade on Monday against a basket of major rivals, resuming movements in the ...
Forex
Euro gains ground and heads for $1.07
2024-04-22 07:45AM UTC
Euro rose in European trade on Monday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 23-04-2024
2024-04-23 11:05AM UTC
The GBPUSD price tested the key resistance 1.2385$ and bounced bearishly from there, to keep the ...
Forex
The EURUSD price forecast update - 23-04-2024
2024-04-23 11:05AM UTC
The EURUSD price shows sideways trades since morning, and continues to fluctuate around the EMA50, ...
Forex
The GBPCHF under the negative effect – Forecast today – 23-4-2024
2024-04-23 05:12AM UTC
GBPCHF Pair Price Analysis Expected Scenario The GBPCHF pair still affected by the ...