USDCHF breaks the support – Analysis - 24-01-2018
Economies.com
2018-01-24 05:31AM UTC
The USDCHF pair begins today’s trading with clear negativity to attack 0.9564 level and settles below it, which supports the continuation of our bearish overview in the upcoming sessions, paving the way to head towards the previously recorded low at 0.9418 as a next station.
Therefore, we are waiting for more decline today supported by the negative pressure formed by the EMA50, conditioned by holding below 0.9655 level.
Expected trading range for today is between 0.9470 support and 0.9600 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
US consumer prices miss estimates in April
2024-05-15 12:39PM UTC
US consumer prices rose 0.3% m/m in April, missing estimates of a 0.4% ...
Forex
Aussie parks at two month highs even as Australian wages slow down
2024-05-15 04:23AM UTC
The Australian dollar rose in European trade on Wednesday against a basket of major rivals, ...
Forex
Dollar under pressure ahead of inflation data, Powell's speech
2024-05-14 10:58AM UTC
Dollar fell in European trade on Tuesday against a basket of major rivals, on track for the second ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 15-05-2024
2024-05-15 09:29AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows more bullish bias to reach ...
Forex
The AUDUSD price forecast update 15-05-2024
2024-05-15 09:29AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial breach ...
Forex
The GBPUSD forecast update 15-05-2024
2024-05-15 09:28AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price continues to rise to approach ...