USDCHF touches the target – Analysis - 24-04-2018
Economies.com
2018-04-24 03:56AM UTC
The USDCHF pair succeeded to achieve our waited target at 0.9790, and the bullish channel keeps organizing the price move on the intraday and short term basis, which its resistance line located at 0.9835, to suggest the continuation of the bullish bias in the upcoming sessions to touch the mentioned level followed by 0.9900, supported by the EMA50 that carries the price from below.
Therefore, the bullish trend will remain dominant for today, noting that failing to breach 0.9790 will stop the expected rise and push the price to test 0.9675 level initially.
Expected trading range for today is between 0.9720 support and 0.9860 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar moves in negative zone ahead of Fed remarks
2024-05-13 11:52AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming losses and ...
Forex
Euro advances towards three-week highs amid cautious trading
2024-05-13 08:51AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains against the ...
Forex
Loonie edges up after monthly employment data
2024-05-10 15:49PM UTC
The Canadian dollar rose against most major rivals following monthly jobs data which revealed solid ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 13-05-2024
2024-05-13 10:37AM UTC
GBPUSD Expected Scenario The GBPUSD price shows sideways trades since morning, thus, no ...
Forex
The EURUSD price forecast update - 13-05-2024
2024-05-13 10:37AM UTC
EURUSD Expected Scenario The EURUSD price trades positively now to approach testing the ...
Forex
The GBPCAD leans above the moving average – Forecast today – 13-5-2024
2024-05-13 05:37AM UTC
GBPCAD Price Analysis Expected Scenario The GBPCAD price succeeded to face the temporary ...