USDCHF under the negative pressure – Analysis - 09-02-2018
Economies.com
2018-02-09 05:12AM UTC
The USDCHF pair traded with strong negativity yesterday to break 0.9424 followed by 0.9365 levels and settles around the last level, which represents the intraday support line that appears on the chart, which puts the price under the negative pressure again, targeting heading towards 0.9254 as a next main station.
Therefore, the bearish trend will be expected for today unless the price managed to breach 0.9424 level and hold with a daily close above it.
Expected trading range for today is between 0.9300 support and 0.9424 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
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 Technical Analysis
Forex
The GBPAUD prepares to decline – Forecast today – 25-4-2024
2024-04-25 05:48AM UTC
GBPAUD Price Analysis The GBPAUD price confirmed its surrender to the domination of the bearish ...
Forex
The EURJPY achieves big gains – Forecast today – 25-4-2024
2024-04-25 05:42AM UTC
EURJPY Pair Analysis The EURJPY pair succeeded to resume the bullish attack since this morning ...
Forex
The GBPJPY resumes the rise – Forecast today – 25-4-2024
2024-04-25 05:41AM UTC
GBPJPY Pair Analysis The GBPJPY pair took advantage of the frequent positive pressures to ...