USDCHF tests the resistance – Analysis - 18-01-2018
Economies.com
2018-01-18 05:56AM UTC
The USDCHF pair traded with clear positivity yesterday to test the key resistance 0.9656 and keeps its stability below it until now, accompanied by stochastic reach to the overbought areas, while the EMA50 forms continuous negative pressure against the price.
Therefore, our bearish overview will remain valid until now, and breaking 0.9566 will confirm opening the way to head towards 0.9420 that represents our next main target, noting that breaching 0.9656 will motivate the price to stop the current negative pressure and return to rise again.
Expected trading range for today is between 0.9550 support and 0.9680 resistance.
Expected trend for today: Bearish
Forex and Currency News
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
US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex Technical Analysis
Forex
The EURUSD price forecast update - 16-05-2024
2024-05-16 09:25AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price faces negative pressure now to ...
Forex
The NZDCAD regains the bullish track – Forecast today – 16-5-2024
2024-05-16 05:41AM UTC
NZDCAD Price Analysis Expected Scenario The NZDCAD price succeeded in regaining the ...
Forex
The EURJPY under the correctional effect – Forecast today – 16-5-2024
2024-05-16 05:38AM UTC
EURJPY Pair Analysis Expected Scenario The EURJPY pair provided a new negative close ...