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USDCHF faces solid resistance – Analysis - 09-05-2018
The USDCHF pair’s recent trades are confined within mew minor bearish channel that we believe it forms bullish flag pattern, thus, the price needs to breach 1.0035 to activate the positive effect of this pattern followed by rallying towards our waited target at 1.0100.
Therefore, we will continue to suggest the bullish trend supported by the EMA50, unless we witnessed clear break and hold below 1.0000.
Expected trading range for today is between 0.9980 support and 1.0100 resistance.
Expected trend for today: Bullish
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NZDUSD approaches the target – Analysis - 09-05-2018
The NZDUSD pair continues to decline to apporach our waited target at 0.6934, which represents 76.4% Fibonacci correction level for the rise measured from 0.6779 to 0.7436, which means that breaking this level will extend the bearish wave to target the mentioned low at 0.6779 as a next station.
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