The USDCHF achieves intraday gains – Analysis - 22-03-2021

Economies.com
2021-03-22 05:02AM UTC

The USDCHF pair provided additional positive trades to test the most important resistance at 0.9318, noticing that the price keeps its stability below this level until now, which keeps the bearish trend scenario valid for the upcoming period, which its targets begin at 0.9256 and extend to 0.9180.

 

Note that breacing 0.9318 will push the price to resume the main bullish trend and achieve new gains that reach 0.9400.

 

The expected trading range for today is between 0.9220 support and 0.9320 resistance.

 

The expected trend for today: Bearish

Forex and Currency News

GBP/USD news

Forex

Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
EUR/USD news

Forex

Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex News

Forex

Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Technical Analysis

Forex

The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...