The USDCHF hits the target – Analysis - 11-08-2022
9 months ago

The USDCHF pair traded with strong negativity to succeed achieving our waited target at 0.9400, noticing that the price rebounds bullishly to head towards potential test to 0.9530, making the bullish bias suggested for today, noting that the expected rise is temporarily, waiting to resume the main bearish wave.


On the other hand, we should note that breaking 0.9400 will stop the suggested bullish bias and press on the price to achieve additional decline that its next target reaches 0.9290.


The expected trading range for today is between 0.9390 support and 0.9520 resistance.


Open Live Trading Account

The expected trend for today: Bullish temporarily

Forex and Currency News

Forex News


US unemployment claims rise past estimates
13 hours ago
US unemployment claims rose to 261 thousand in the week ending June 3, above estimates of 236 ...
Forex News


Dollar declines ahead of US unemployment claims data
14 hours ago
Dollar fell in European trade on Thursday for a second session away from eleven-week highs as  ...
EUR/USD news


Euro extends recovery on European rates prospects
19 hours ago
Euro rose in European trade for the second session against dollar away from recent two-month lows, ...

Forex Technical Analysis

NZD USD Analysis


Midday update for the NZDUSD 08-06-2023
16 hours ago
The NZDUSD pair shows positive trades to move above the EMA50, affected by stochastic positivity, ...
AUD USD Analysis


Midday update for the AUDUSD 08-06-2023
16 hours ago
The AUDUSD pair returns to rise and attack 0.6660 level, which urges caution form the upcoming ...
GBP USD Analysis


Midday update for the GBPUSD 08-06-2023
16 hours ago
The GBPUSD pair trades with clear positivity to attack 1.2470 level and attempt to hold above it, ...