USDCHF faces solid resistance – Analysis - 04-08-2017
Economies.com
2017-08-04 04:00AM UTC
The USDCHF pair found difficulty to confirm breaching 0.9700 level, showing some bearish bias to approach from testing the key support base 0.9645, noticing that the EMA50 meets this support to add more strength to it, while stochastic reaches the oversold areas' thresholds.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, waiting to visit 0.9812 followed by 0.9864 levels mainly, noting that breaking 0.9645 will stop the suggested rise and push the price to return to the main bearish trend again.
Expected trading range for today is between 0.9600 support and 0.9770 resistance.
Expected trend for today: Bullish
Forex and Currency News
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
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 ...
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 Technical Analysis
Forex
The GBPUSD forecast update 24-04-2024
2024-04-24 09:29AM UTC
The GBPUSD price shows negative trades to head towards testing the key support 1.2385$, which ...
Forex
The CADJPY settles within the bullish track – Forecast today – 24-4-2024
2024-04-24 05:44AM UTC
CADJPY Price Analysis Expected Scenario The CADJPY price kept its consolidation within ...
Forex
The EURJPY surpasses the resistance – Forecast today – 24-4-2024
2024-04-24 05:38AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair didn’t get enough of ...