The USDCHF attempts to recover – Analysis - 14-08-2019

2019-08-14 05:13:09 GMT (Economies.com)
 

The USDCHF pair provided clear positive trades yesterday but it faced solid resistance formed by the EMA50 against the price, accompanied by witnessing clear overbought signals through stochastic, which supports the chances of bouncing bearishly to resume the main bearish trend, which its targets begin by breaking 0.9712 to confirm opening the way to head towards 0.9590 as a next target, while holding below 0.9770 represents key condition to achieve the suggested targets.

 

The expected trading range for today is between 0.9690 support and 0.9800 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1064
0.0002
0.0190%
1.3147
0.0009
0.0723%
Tadawul
8120.01
21.27
0.26%
16.604
0.032
0.190%
58.879
-0.231
0.391%
64.25
-0.14
0.22%
1461.215
1.370
0.094%
 
 
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