The USDCHF attempts positively – Analysis - 09-12-2019

Economies.com
2019-12-09 05:52AM UTC

The USDCHF pair trades positively to start testing the EMA50, as it gets positive signal through stochastic, which supports the chances of achieving more intraday gains, on its way to visit 0.9990 level mainly.

 

Therefore, the bullish bias will be suggested for today, taking into consideration that failing to breach 0.9915 will press on the price to rebound bearishly and test 0.9836 level initially.

 

The expected trading range for today is between 0.9860 support and 0.9990 resistance.

The expected trend for today: Bullish

Forex and Currency News

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 ...
GBP/USD news

Forex

Sterling starts recovering after hot UK inflation data
2024-04-17 06:43AM UTC
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 18-04-2024
2024-04-18 11:09AM UTC
GBP/USD Price Analysis Expected Scenario The GBP/USD price is testing the 1.2480$ ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 18-04-2024
2024-04-18 11:08AM UTC
The EURUSD price shows more bullish bias to approach 1.0715$ level, and as we mentioned this ...
Technical Analysis

Forex

The CADCHF takes advantage of the support line stability – Forecast today – 18-4-2024
2024-04-18 05:38AM UTC
CADCHF Price Analysis Expected Scenario The CADCHF takes advantage of the stability of ...