The USDCHF consolidates below the resistance – Analysis - 08-02-2022

Economies.com
2022-02-08 05:46AM UTC

The USDCHF pair settles below 0.9265 level, to keep the bearish trend scenario active until now, waiting to break 0.9200 to open the way to visit 0.9135 as a next target, noting that breaching 0.2965 will stop the expected decline and lead the price to head towards 0.9345 direct.

 

The expected trading range for today is between 0.9180 support and 0.9290 resistance.

 

The expected trend for today: Bearish

Forex and Currency News

GBP/USD news

Forex

Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex News

Forex

Dollar moves in a positive zone as US treasury yields gian ground
2024-04-22 11:41AM UTC
Dollar rose in European trade on Monday against a basket of major rivals, resuming movements in the ...
EUR/USD news

Forex

Euro gains ground and heads for $1.07
2024-04-22 07:45AM UTC
Euro rose in European trade on Monday against a basket of major rivals, extending gains for the ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 23-04-2024
2024-04-23 11:05AM UTC
The GBPUSD price tested the key resistance 1.2385$ and bounced bearishly from there, to keep the ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 23-04-2024
2024-04-23 11:05AM UTC
The EURUSD price shows sideways trades since morning, and continues to fluctuate around the EMA50, ...
Technical Analysis

Forex

The GBPCHF under the negative effect – Forecast today – 23-4-2024
2024-04-23 05:12AM UTC
GBPCHF Pair Price Analysis Expected Scenario The GBPCHF pair still affected by the ...