USDCHF loses momentum – Analysis - 13-10-2017
Economies.com
2017-10-13 03:54AM UTC
The USDCHF pair provided some slight positive trading yesterday to test 0.9770 and kept its stability below it, accompanied by stochastic losing the positive momentum on the four hours time frame, to support the continuation of the negative effect of the previously completed rising wedge pattern, waiting to resume the bearish trend in the upcoming sessions.
The waited targets begin at 0.9625 followed by 0.9578, noting that breaching 0.9770 will push the price to resume the bullish track that started from the recently recorded low at 0.9420.
Expected trading range for today is between 0.9650 support and 0.9770 resistance.
Expected trend for today: Bearish
Forex and Currency News
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
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
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, ...