The USDCHF achieves strong gains – Analysis - 05-03-2021
Economies.com
2021-03-05 05:19AM UTC
The USDCHF pair rallied upwards strongly to succeed achieving our waited target at 0.9295 and settles around it, noticing that the recent trades are confined within bullish pennant pattern that appears on the chart, which supports the chances of continuing the bullish trend for the upcoming period, as the next target reaches 0.9375.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, noting that breaking 0.9260 will press on the price to achieve some bearish correction that might head to test 0.9220 areas before turning back to rise again.
The expected trading range for today is between 0.9250 support and 0.9350 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 02-05-2024
2024-05-02 09:06AM UTC
GBPUSD Trading Report The GBPUSD price shows weak trades since morning, settling above 1.2500$ ...
Forex
The EURUSD price forecast update - 02-05-2024
2024-05-02 09:05AM UTC
EURUSD Trading Report The EURUSD price continues to fluctuate around 1.0715$ level, and we still ...
Forex
The EURGBP tests key support – Forecast today – 2-5-2024
2024-05-02 08:15AM UTC
Expected Scenarios The EURGBP price formed many bearish trades recently, to test 38.2% ...