USDCHF awaits the break – Analysis - 18-04-2017
Economies.com
2017-04-18 04:14AM UTC
The USDCHF pair tested the key support 1.0010 without managing to break it, reminding you that this level represents the neckline of the double top pattern that appears on chart, thus, we are waiting to break this level to confirm extending the bearish wave towards 0.9935 as a next main station.
In general, we will continue to suggest the bearish trend in the upcoming period unless breaching 1.0070 level and holding above it, noting that breaking the targeted level will extend the pair's losses to reach 0.9864.
Expected trading range for today is between 0.9960 support and 1.0070 resistance.
Expected trend for today: Bearish
Forex and Currency News
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
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows new positive trades now, ...
Forex
The AUDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price resumes its positive trading ...
Forex
The GBPUSD forecast update 25-04-2024
2024-04-25 09:42AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price rallies upwards strongly to ...