USDCHF touches the target – Analysis - 18-09-2018

Economies.com
2018-09-18 03:46AM UTC

The USDCHF pair succeeded to touch our waited target at 0.9620 and settles around it, falling under negative pressure coming by the EMA50, which forms a chance to break the mentioned level followed by opening the way to extend the bearish wave towards 0.9518.

 

Therefore, we will continue to suggest the bearish trend for today unless breaching 0.9723 and holding above it.

 

Expected trading range for today is between 0.9550 support and 0.9685 resistance.

Expected trend for today: Bearish

Forex and Currency News

AUD/USD news

Forex

Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
GBP/USD 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 News

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 Technical Analysis

GBP USD 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 ...
EUR USD Analysis

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, ...
Technical Analysis

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 ...