The USDCHF attempts to recover – Analysis - 07-08-2019

2019-08-07 05:08:39 GMT (Economies.com)
The USDCHF attempts to recover – Analysis - 07-08-2019
 

The USDCHF pair provided positive trades yesterday but it begins to decline today, affected by the negative overlapping signal that appears through stochastic, waiting to motivate the price to break 0.9712 to confirm heading towards 0.9590 that represents our next negative target.

 

Therefore, we will continue to suggest the bearish trend in the upcoming period, reminding you that holding below 0.9770 represents initial condition to continue the suggested decline.

 

The expected trading range for today is between 0.9680 support and 0.9800 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1099
0.0001
0.0122%
1.2132
-0.0022
0.1790%
16.997
-0.107
0.627%
55.548
0.749
1.366%
59.28
0.62
1.06%
1502.135
-10.130
0.670%
 
 
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