The USDCHF exits the bearish channel – Analysis - 25-01-2023

Economies.com
2 months ago

The USDCHF pair traded with strong positivity yesterday to breach the bearish channel’s resistance and settles above it, to head towards building expected correctional bullish wave in the upcoming sessions, targeting 0.9335 areas initially.

 

Therefore, the bullish bias will be suggested for today, taking into consideration that breaking 0.9195 will stop the expected rise and press on the price to resume the main bearish trend again.

 

The expected trading range for today is between 0.9160 support and 0.9300 resistance.

 

The expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

US unemployment claims rise past estimates
2 days ago
US unemployment claims rose to 198 thousand in the week ending March 25, above estimates of 196 ...
Forex News

Forex

US economy grows less than expected in fourth quarter
2 days ago
US GDP grew 2.6% y/y in the fourth quarter of 2022, down from 3.2% in the third quarter, and ...
Forex News

Forex

Dollar plumbs week lows ahead of US growth data
2 days ago
Dollar fell in European trade against a basket of major rivals with markets considering whether the ...

Forex Technical Analysis

GBP USD Analysis

Forex

Midday update for the GBPUSD 31-03-2023
1 day ago
The GBPUSD pair tested 1.2400 barrier and bounced bearishly to trade at the intraday bullish ...
Technical Analysis

Forex

The GBPCAD keeps the positivity – Analysis – 31-3-2023
1 day ago
The GBPCAD pair formed bullish channel recently, to notice recording many gains by touching 1.6700 ...
EUR JPY Analysis

Forex

The EURJPY faces solid resistance – Analysis – 31-3-2023
1 day ago
The EURJPY pair reacted to the major indicators’ positivity, forming new bullish rally to ...