USDCHF gets a negative signal – Analysis - 05-02-2018
Economies.com
2018-02-05 05:18AM UTC
The USDCHF pair shows some slight bullish bias to test the minor bearish channel’s resistance that appears on the chart, noticing that the EMA50 continues to push negatively on the price, while stochastic provides negative overlapping signal now.
Therefore, these factors support the continuation of the bearish trend scenario on the intraday and short term basis, waiting to head towards our next main target at 0.9035, noting that breaching 0.9325 will push the price to test the most important resistance at 0.9418 before any new attempt to decline.
Expected trading range for today is between 0.9220 support and 0.9470 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...
Forex
Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...