The USDCHF rebounds bearishly – Analysis - 02-08-2019

2019-08-02 04:58:08 GMT (Economies.com)
 

The USDCHF pair bounced downwards clearly after approaching our waited target at 0.9990, to move below 0.9900 level now, but we notice that stochastic shows oversold signals now, which forms positive motive that we are waiting to assist to push the price to rise again, waiting to touch the mentioned target.

 

Therefore, the bullish bias will be expected for today, taking into consideration that failing to breach 0.9900 and trading above it again will press on the price to achieve more decline and visit 0.9836 before any new attempt to rise.

 

The expected trading range for today is between 0.9850 support and 0.9950 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1063
0.0001
0.0127%
1.3145
0.0008
0.0624%
Tadawul
8120.01
21.27
0.26%
16.598
0.026
0.157%
58.845
-0.265
0.448%
64.25
-0.14
0.22%
1460.875
1.030
0.071%
 
 
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