The USDCHF needs a positive motive – Analysis - 23-09-2019

Economies.com
2019-09-23 04:57AM UTC

The USDCHF pair continues to fluctuate at the intraday bullish channel’s support line and keeps its stability above it, getting positive support by the EMA50, waiting to resume the expected bullish trend for the upcoming period, which its targets begin by breaching 0.9990 level to open the way to head towards 1.0095 as a next main station.

 

Holding above 0.9895 represents the first condition to continue the expected rise, reminding you that breaking it will press on the price to decline towards 0.9836 before any new positive attempt.

 

The expected trading range for today is between 0.9880 support and 0.9990 resistance.

The expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

Dollar loses ground as markets focus on corporate earnings
2024-04-29 18:46PM UTC
Dollar declined against most major rivals on Monday as markets focus on corporate earnings and the ...
Forex News

Forex

Dollar under pressure from US yields and Japanese authorities
2024-04-29 11:17AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming gains after a ...
EUR/USD news

Forex

Euro hovers near two-week high despite bearish outlook
2024-04-29 07:40AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains against the ...

Forex Technical Analysis

USD CHF Analysis

Forex

The USDCHF price under the negative pressure – Forecast today - 30-04-2024
2024-04-30 04:05AM UTC
USDCHF Price Analysis The USDCHF price broke the bullish channel’s support line yesterday ...
NZD USD Analysis

Forex

The NZDUSD price loses momentum – Forecast today - 30-04-2024
2024-04-30 04:05AM UTC
NZDUSD Price Analysis The NZDUSD price started today negatively after losing positive momentum, ...
USD CAD Analysis

Forex

The USDCAD price loses momentum – Forecast today - 30-04-2024
2024-04-30 04:05AM UTC
USDCAD Price Analysis The USDCAD price finds solid support at the 1.3660$ level, showing some ...