USDCHF hits the first target – Analysis - 12-01-2018
Economies.com
2018-01-12 04:58AM UTC
The USDCHF pair managed to touch our first waited negative target at 0.9730, and the correctional bearish trend still dominant in the upcoming sessions as long as the price is stable below 0.9800 amd 0.9840 levels, waiting to break 0.9730 to confirm extending the bearish wave towards 0.9656.
Therefore, we will continue to suggest the bearish trend on the intraday basis, noting that stochastic current positivity might push the price to test 0.9800 level again before turning back to decline again.
Expected trading range for today is between 0.9670 support and 0.9820 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...