The USDCHF draws positive pattern – Analysis - 28-10-2020
Economies.com
2020-10-28 03:41AM UTC
The USDCHF pair achieved initial breach to the bearish channel’s resistance but it faced good resistance formed by the EMA50, which presses on the price to decline again, and it needs to trade below 0.9060 to confirm the return to the mentioned channel followed by resuming the main bearish trend.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 0.9090, reminding you that our main waited targets begin at 0.9010 and extend to 0.8930 after breaking the previous level.
The expected trading range for today is between 0.9050 support and 0.9160 resistance.
The expected trend for today: Bullish
Forex and Currency News
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
US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex Technical Analysis
Forex
The NZDUSD price needs the positive momentum – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for NZDUSD Expected Scenario The NZDUSD price shows sideways trades in the ...
Forex
The AUDUSD price heads towards resting the neckline – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for AUDUSD Expected Scenario The AUDUSD price faces temporary negative ...
Forex
The USDCAD price attempts positively – Forecast today - 17-05-2024
2024-05-17 04:06AM UTC
Price Analysis for USDCAD Expected Scenario The USDCAD price found solid support at ...