USDCHF tests the moving average – Analysis - 20-07-2018
Economies.com
2018-07-20 02:02AM UTC
The USDCHF pair trades negatively to test the EMA50, affected by the negative overlapping signal that appears through stochastic, while the price still inside the bullish channel that appears on the chart, thus, the bullish trend will remain suggested unless breaking 0.9885 followed by 0.9850 levels and holding below them.
Our first target is located at 1.0055, which breaching it represents the key to rally towards 1.0170 as a next main station.
Expected trading range for today is between 0.9940 support and 1.0080 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
Forex
The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Forex
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...