The USDCHF completes the negative pattern – Analysis - 01-03-2019

2019-03-01 05:06:56 GMT (Economies.com)
The USDCHF completes the negative pattern – Analysis - 01-03-2019
 

The USDCHF pair broke 0.9990 level strongly to complete the head and shoulders’ pattern mentioned in our recent reports, as the price declined to approach our main waited negative target at 0.9900, and returns to retest the broken beckline now.

 

Therefore, the bearish trend will be expected for the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that breaching 0.9990 followed by 1.0025 will stop the expected decline and push the price to return to the main bullish trend again.

 

The expected trading range for today is between 0.9900 support and 1.0040 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1198
-0.0012
0.1111%
1.2709
-0.0024
0.1846%
14.592
0.027
0.185%
58.387
-0.658
1.114%
68.79
0.10
0.15%
1286.305
1.395
0.109%
 
 
Live Forex Updates