The USDCHF rises strongly – Analysis - 10-11-2020
Economies.com
2020-11-10 05:25AM UTC
The USDCHF pair rallied upwards strongly yesterday to touch 0.9140 areas, noticing that the price lost its bullish momentum and begins declining now, which hints the price head to resume the main bearish trend, which targets testing 0.9010 areas initially.
Therefore, we expect witnessing negative trades today, supported by stochastic negativity that appears clearly on the four hours’ time frame, noting that the continuation of the bearish wave requires holding below 0.9192.
The expected trading range for today is between 0.9040 support and 0.9190 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows new positive trades now, ...
Forex
The AUDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price resumes its positive trading ...
Forex
The EURUSD price forecast update - 25-04-2024
2024-04-25 09:42AM UTC
The EURUSD price trades positively to attack 1.0715$ level and attempts to confirm breaching it, to ...