The USDCHF hits the extended target – Analysis - 21-03-2019
Economies.com
2019-03-21 05:26AM UTC
The USDCHF pair traded with strong negativity yesterday to succeed touching our waited target at 0.9900, noticing that the price finds solid support there, as it forms 38.2% Fibonacci correction level for the rise from 0.9542 to 1.0128, which hints the price head to start recovery attempts in the upcoming sessions.
Therefore, we expect witnessing positive trades today, and the main target is represented by testing 0.9990 level, taking into consideration that breaking 0.9900 will stop the expected rise and put the price under more negative pressure that its next targets reach 0.9835.
The expected trading range for today is between 0.9860 support and 0.9990 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...