The USDCHF succeeds to breach – Analysis - 31-05-2023
Economies.com
2023-05-31 04:10AM UTC
The USDCHF pair managed to breach 0.9055 level and close the daily candlestick above it, which supports the continuation of the bullish trend in the upcoming sessions, opening the way to head towards 0.9130 that represents our next target.
The bullish channel continues to support the suggested bullish wave, which gets continuous support by the EMA50, noting that breaking 0.9055 followed by 0.9025 levels will stop the expected rise and push the price to return to the main bearish track again.
The expected trading range for today is between 0.9010 support and 0.9160 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
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 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 GBPUSD forecast update 25-04-2024
2024-04-25 09:42AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price rallies upwards strongly to ...