The GBPCHF pair hits solid resistance – Forecast today – 17-4-2024
Economies.com
2024-04-17 05:44AM UTC
Expected Scenarios
- The GBPCHF pair ended the recent bullish rally by touching 1.1475 level.
- Facing extension of solid historical resistance.
- Noticing negative bounce to crawl below the MA55 and fluctuating near 1.1335.
- Continuous negative closings below mentioned resistance and stochastic attempt to provide negative momentum.
- Increasing negative pressures on the price to activate the negative attack and target 1.1270 and 1.1200 levels initially.
Expected Range for Today
The expected trading range for today is between 1.1375 and 1.1270.
Trend Forecast: Bearish
Forex and Currency News
Forex
Dollar under pressure ahead of Fed remarks
2024-05-20 11:53AM UTC
The dollar fell in European trade on Monday against a basket of major rivals, resuming losses and ...
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
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 Technical Analysis
Forex
The GBPUSD forecast update 20-05-2024
2024-05-20 10:39AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price hovers near the 1.2700$ level ...
Forex
The EURUSD price forecast update - 20-05-2024
2024-05-20 10:38AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows negative trading now, in ...
Forex
The EURJPY jumps above the barrier – Forecast today – 20-5-2024
2024-05-20 05:45AM UTC
EURJPY Pair Analysis Expected Scenario The EURJPY pair was affected by frequent positive ...