The USDCHF settles below the support – Analysis - 09-04-2020
Economies.com
2020-04-09 04:31AM UTC
The USDCHF pair settles below 0.9730, to fall under expected negative pressure in the upcoming sessions, and we expect to head towards 0.9626 as a main target.
Therefore, the bearish bias will be suggested for today, noting that breaching 0.9730 and holding above it will reactivate the bullish trend scenario that its targets begin at 0.9800 and extend to 0.9900.
The expected trading range for today is between 0.9626 support and 0.9800 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar under pressure ahead of inflation data, Powell's speech
2024-05-14 10:58AM UTC
Dollar fell in European trade on Tuesday against a basket of major rivals, on track for the second ...
Forex
Yen tumbles to two-week lows, triggering concerns of official Japanese intervention
2024-05-14 04:08AM UTC
Yen fell in Asian trade on Tuesday against a basket of major rivals, sharpening losses for the ...
Forex
Dollar moves in negative zone ahead of Fed remarks
2024-05-13 11:52AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming losses and ...
Forex Technical Analysis
Forex
Update: The EURUSD breaches the resistance
2024-05-14 15:07PM UTC
The EURUSD price rallied upwards to attack 1.0795$ and close the last four hours’ candlestick ...
Forex
Zscaler price ends cautiously higher - Forecast today - 14-05-2024
2024-05-14 10:13AM UTC
Zscaler’s stock price (ZS) rose in the intraday levels, amid the dominance of the downward ...
Forex
Marvel Technology price touches SMA resistance - Forecast today - 14-05-2024
2024-05-14 10:12AM UTC
Marvel Technology’s stock price (MRVL) rose in the intraday levels, touching the resistance ...