The USDCHF hits the second target – Analysis - 24-05-2022
Economies.com
2022-05-24 04:19AM UTC
The USDCHF pair succeeded to achieve our second waited target at 0.9630 and settles near it, falling under continuous negative pressure coming by the EMA50, to suggest surpassing the mentioned level and open the way to achieve more correctional targets that reach 0.9525.
Therefore, the bearish trend will remain expected on the intraday basis unless the price rallied to breach 0.9730 and hold above it.
The expected trading range for today is between 0.9600 support and 0.9710 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price presses on the key support ...
Forex
The AUDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial break to ...
Forex
The GBPUSD forecast update 08-05-2024
2024-05-08 09:36AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price achieved initial break to ...