The USDCHF continues to fluctuate – Analysis - 16-12-2019
Economies.com
2019-12-16 05:56AM UTC
The USDCHF pair hovers near 0.9836 level, and closed the last week’s trading near this level, keeping our neutral attitude valid until now, where we are waiting for confirming breaking this level or braeching it to detect the next trend clearly.
The contradiction between stochastic positivity and the EMA50 negativity provides another reason for the neutrality, reminding you that holding below 0.9836 will put the price under new negative pressure that targets 0.9712 level mainly, while stepping above it will push the price to achieve intraday gains that reach 0.9990.
The expected trading range for today is between 0.9760 support and 0.9900 resistance.
The expected trend for today: Neutral
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...
Forex
The EURJPY hovers around the barrier – Forecast today – 17-5-2024
2024-05-17 07:10AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair took advantage of stochastic ...