The USDCHF breaches the resistance – Analysis - 02-04-2020
Economies.com
2020-04-02 04:53AM UTC
The USDCHF pair breached 0.9626 clearly and settled with a daily close above it, which turns the intraday and short term track to rise, organized inside a bullish channel that has positive targets that start at 0.9730, noting that breaching this level will confirm resuming the main bullish trend and the end of the bearish correction that dominated the recent trades.
Therefore, the bullish bias will be suggested in the upcoming sessions unless we witnessed clear break and holding below 0.9626.
The expected trading range for today is between 0.9600 support and 0.9760 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex
Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...
Forex Technical Analysis
Forex
The EURJPY achieves some targets – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
Forex
The GBPJPY begins to rise – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
Forex
The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...