The USDCHF suffers sharp losses – Analysis - 17-06-2022
Economies.com
2022-06-17 04:33AM UTC
The USDCHF pair faced strong negative pressure yesterday to break 0.9860 level and reach 50% Fibonacci correction level at 0.9630, noticing that the price finds solid support there, to start bouncing bullishly and build new bullish wave, supported by stochastic positivity, which encourages us to suggest the bullish bias for the upcoming period, targeting 0.9730 followed by 0.9860 levels as next main stations.
Holding above 0.9630 is important to continue the expected rise, as breaking it will press on the price to suffer additional losses in the upcoming period.
The expected trading range for today is between 0.9650 support and 0.9800 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex Technical Analysis
Forex
Update: Weak trades, waiting the US economic data
2024-05-03 08:20AM UTC
The major currencies’ pairs and commodities show weak and tight trades since morning, waiting ...
Forex
The EURJPY threats the support – Forecast today – 3-5-2024
2024-05-03 07:07AM UTC
Scenarios Scenario 1: Potential for Positive Momentum EURJPY pair unable to shake off negative ...
Forex
The GBPJPY fluctuates near the support – Forecast today – 3-5-2024
2024-05-03 07:06AM UTC
Scenarios Scenario 1: Activation of Bullish Momentum GBPJPY pair forms new negative waves, ...