The USDCHF attempts to recover – Analysis - 17-01-2022
Economies.com
1 year ago
The USDCHF pair provided positive trades in the previous sessions to breach 0.9135 level, but it begins to decline again now, affected by stochastic negativity, besides the negative pressure formed by the EMA50, which encourages us to suggest the continuation of the bearish bias today to head towards 0.9060 as a next main target.
Therefore, the bearish trend will remain expected on the intraday basis, noting that failing to break 0.9135 will lead the pirce to visit 0.9200 as a next positive station.
The expected trading range for today is between 0.9080 support and 0.9170 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Euro trades near six-month low ahead of major European data
14 hours ago
Euro fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Sterling sharpens decline to six-month lows after surprise decision by BOE
1 day ago
Sterling fell on Thursday after Bank of England announced a surprise pause in the cycle of rate ...
Forex
Dollar extends gains to six-month high on Fed prospects
1 day ago
US Dollar rose in European trade on Thursday against a basket of major rivals for the third ...
Forex Technical Analysis
Forex
Midday update for the NZDUSD 22-09-2023
11 hours ago
The NZDUSD pair breached 0.5940 level clearly to activate the positive scenario in the upcoming ...
Forex
Midday update for the AUDUSD 22-09-2023
11 hours ago
The AUDUSD pair trades positively to surpass 0.6440 and attempts to hold above it, to hint heading ...
Forex
Midday update for the EURUSD 22-09-2023
11 hours ago
The EURUSD pair attempts to break 1.0635 level, to support the continuation of the expected bearish ...