The USDCHF gets a negative signal – Analysis - 11-05-2021
Economies.com
2021-05-11 00:14AM UTC
The USDCHF pair shows sideways trades and settles around 0.9000 now, noticing that stochastic overlaps negatively to motivate the price to resume the expected bearish trend for the upcoming period, which targets 0.8900 as a next station.
Therefore, the negative scenario will remain active support by the EMA50, conditioned by the price stability below 0.9100.
The expected trading range for today is between 0.8940 support and 0.9050 resistance.
The expected trend for today: Bearish
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