The USDCHF price tests the moving average – Forecast today - 18-04-2024
Economies.com
2024-04-18 04:07AM UTC
Price Analysis: USDCHF
Expected Scenario
- The USDCHF price faces negative pressure to test the EMA50, forming minor support at 0.9100. This level represents the first protection factor to the continuation of the main bullish trend, suggesting the dominance of the bullish track within the bullish channel seen on the chart, targeting 0.9200 as the next station.
- However, breaking 0.9100 followed by 0.9055 levels will stop the expected rise and push the price to start bearish correction on the intraday basis.
Expected Outcome
The expected trading range for today is between 0.9040 support and 0.9180 resistance.
Trend Forecast: Bullish
Forex and Currency News
Forex
Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...
Forex
Euro under pressure ahead of European inflation data
2024-04-30 07:41AM UTC
Euro declined in European trade on Tuesday against a basket of major rivals, backing away from ...
Forex
Dollar loses ground as markets focus on corporate earnings
2024-04-29 18:46PM UTC
Dollar declined against most major rivals on Monday as markets focus on corporate earnings and the ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 30-04-2024
2024-04-30 09:24AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price trades with clear negativity to ...
Forex
The AUDUSD price forecast update 30-04-2024
2024-04-30 09:24AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price is facing additional negative ...
Forex
The GBPUSD forecast update 30-04-2024
2024-04-30 09:23AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades negatively now to confirm ...