The GBPCHF provides positive signal – Forecast today – 1-5-2024
Economies.com
2024-05-01 05:33AM UTC
Scenarios and Trading Range
Expected Scenarios
- GBPCHF price provided positive signals by rallying above the key resistance 1.1420 recently.
- Achieved gains by reaching 1.1500, hinting preparation to activate the bullish track again.
New close above breached resistance needed to increase chances of reacting to positivity of major indicators.
Targeting 1.1520 level soon expected, while surpassing it will push price towards 1.1615 as first main target for bullish track.
Trading Range
The expected trading range for today is between 1.1460 and 1.1520.
Trend Forecast
Bullish
Forex and Currency News
Forex
Loonie declines after inflation data
2024-05-21 17:37PM UTC
The Canadian dollar fell against most major rivals on Tuesday after the release of inflation data, ...
Forex
Aussie backs off four-month high despite RBA's aggressiveness
2024-05-21 03:51AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, extending ...
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 Technical Analysis
Forex
The GBPUSD forecast update 21-05-2024
2024-05-21 10:08AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price resumes its positive trading and ...
Forex
The EURUSD price forecast update - 21-05-2024
2024-05-21 10:08AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows sideways trades to test ...
Forex
The GBPCHF confirms the positivity – Forecast today – 21-5-2024
2024-05-21 05:11AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price confirmed moving to the bullish ...