The USDCHF approaches the first target – Analysis - 25-03-2021

2021-03-25 05:18:46 GMT (Economies.com)
 

The USDCHF pair provided more positive trades to reach few pips away from our first waited target at 0.9375, noticing that the EMA50 continues to support the price from below, while stochastic reaches the oversold areas.

 

Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, noting that breaching 0.9375 will push the price to head towards 0.9494 areas as a next main station, while the expected rise will remain valid conditioned by the price stability above 0.9318.

 

The expected trading range for today is between 0.9300 support and 0.9420 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1982
0.0071
0.5994%
1.3839
0.0091
0.6648%
Tadawul
9987.92
124.63
1.26%
25.945
0.850
3.387%
63.092
2.702
4.474%
66.70
-0.23
0.34%
1775.845
38.910
2.240%
 
 
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