The USDCHF price faces temporary negative pressure – Forecast today - 29-03-2024
Economies.com
2024-03-29 01:48AM UTC
USDCHF Price Analysis
Expected Scenario: Bullish Trend
- The USDCHF pair rebounded bearishly yesterday to test the $0.9000 barrier, accompanied by stochastic indicators reaching oversold areas.
- The EMA50 continues to provide support from below.
- We maintain our bullish trend suggestion for the upcoming period unless the $0.9000 level is breached and held below it.
- We anticipate visiting $0.9105, followed by $0.9150, as the next main stations.
Expected Trading Range for Today
- Support: $0.8960
- Resistance: $0.9100
Trend Forecast: Bullish
Forex and Currency News
Forex
Loonie edges up after monthly employment data
2024-05-10 15:49PM UTC
The Canadian dollar rose against most major rivals following monthly jobs data which revealed solid ...
Forex
Sterling moves in a positive zone after hot growth data
2024-05-10 08:26AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Yen heads for weekly loss as intervention momentum from Japanese authorities fade
2024-05-10 04:51AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, resuming losses against the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The GBPUSD price shows slight positive trades. It might head ...
Forex
The EURUSD price forecast update - 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The EURUSD price fluctuates within tight range since morning, ...
Forex
The NZDCAD tests the resistance – Forecast today – 10-5-2024
2024-05-10 07:11AM UTC
NZDCAD Price Analysis 1. Expected Scenario NZDCAD price faces strong positive pressures ...