The USDCHF breaks the support – Analysis - 22-01-2021
Economies.com
2021-01-22 05:18AM UTC
The USDCHF pair succeeded to break 0.8860 level and closed the daily candlestick below it, which supports the continuation of our bearish overview efficiently in the upcoming sessions, as the price completed forming the triple top pattern that its signs appear on the chart, paving the way to visit 0.8760 that represents our next target.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis, noting that holding below 0.8860 represents initial condition to continue the expected decline.
The expected trading range for today is between 0.8780 support and 0.8890 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...