The USDCHF continues to decline – Analysis - 08-04-2021

2021-04-08 04:18:05 GMT (Economies.com)
 

The USDCHF pair provided new negative trades to move away from 0.9320 level, reinforcing the expectations of continuing the bearish trend, affected by the head and shoulders’ pattern that appears on the chart, besides the negative pressure formed by the EMA50, waiting to visit 0.9210 as a next main target.

 

We remind you that the continuation of the bearish wave depends on the price stability below 0.9350.

 

The expected trading range for today is between 0.9230 support and 0.9350 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2053
0.0027
0.2229%
1.3884
-0.0069
0.4945%
Tadawul
10127.90
18.31
0.18%
26.087
0.295
1.144%
61.900
-1.278
2.023%
65.83
0.43
0.66%
1783.645
12.195
0.688%
 
 
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