USDCHF retests again – Analysis - 22-06-2017
Economies.com
2017-06-22 01:35AM UTC
The USDCHF pair ended yesterday's trading negatively to retest 0.9725 level again, noticing that the EMA50 meets the current support area to add more strength to it, while stochastic shows oversold signals now.
Therefore, we believe that the chances are valid to rebound bullishly and resume the bullish trend that targets testing 0.9812 followed by 0.9864 levels mainly, reminding you that it is important to hold above 0.9725 and 0.9700 levels to achieve the suggested targets.
Expected trading range for today is between 0.9700 support and 0.9800 resistance.
Expected trend for today: Bullish
Forex and Currency News
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
Dollar moves in a positive zone as US treasury yields gian ground
2024-04-22 11:41AM UTC
Dollar rose in European trade on Monday against a basket of major rivals, resuming movements in the ...
Forex Technical Analysis
Forex
The EURUSD price forecast update - 23-04-2024
2024-04-23 11:05AM UTC
The EURUSD price shows sideways trades since morning, and continues to fluctuate around the EMA50, ...
Forex
The GBPCHF under the negative effect – Forecast today – 23-4-2024
2024-04-23 05:12AM UTC
GBPCHF Pair Price Analysis Expected Scenario The GBPCHF pair still affected by the ...
Forex
The EURJPY prepares for new rise – Forecast today – 23-4-2024
2024-04-23 05:01AM UTC
EURJPY Pair Price Analysis Expected Scenario No change to the EURJPY pair’s bullish ...