The USDCHF resumes the decline – Analysis - 05-08-2022
Economies.com
9 months ago
The USDCHF pair traded with clear negativity to approach our first waited target at 0.9530, and we expect the continuation of the bearish bias to break this level and extend the bearish wave towards 0.9400 areas.
Therefore, we will continue to suggest the bearish trend supported by the negative pressure formed by the EMA50 unless breaching 0.9630 and holding with a daily close above it.
The expected trading range for today is between 0.9500 support and 0.9600 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Euro tries to recoup from low levels amid calm trading
23 hours ago
Euro rose in European trade amid attempts to recoup from two-month lows against dollar, and on ...
Forex
Euro on track for third weekly loss in row
4 days ago
Euro rose in European trade on Friday for the first time in four sessions against dollar amid ...
Forex
Fed Minutes: officials are less confident of the need for more rate hikes
5 days ago
The Federal Reserve's meeting minutes showed division between officials on the need for further ...
Forex Technical Analysis
Forex
The GBPCAD exits the bullish track – Analysis – 30-5-2023
1 hour ago
The GBPCAD pair faced strong negative pressures recently to force it to crawl below the bullish ...
Forex
The EURJPY achieves some gains – Analysis – 30-5-2023
2 hours ago
The EURJPY pair took advantage of the positive fluctuation above 149.80 to confirm its surrender to ...
Forex
The GBPJPY provides positive signal – Analysis – 30-5-2023
2 hours ago
The GBPJPY pair took advantage of the frequent stability within the bullish channel, forming new ...