The USDCHF surpasses the resistance – Analysis - 04-03-2021

Economies.com
2021-03-04 05:15AM UTC

The USDCHF pair managed to breach 0.9190 and hold above it, which supports the continuation of the bullish trend on the intraday and short term basis, paving the way to head towards 0.9295 that represents our next positive station.

 

Therefore, the bullish trend will remain dominant in the upcoming sessions conditioned by the price stability above 0.9135.

 

The expected trading range for today is between 0.9150 support and 0.9250 resistance.

 

The expected trend for today: Bullish

Forex and Currency News

EUR/USD news

Forex

Euro hovers near two-week high despite bearish outlook
2024-04-29 07:40AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains against the ...
Forex News

Forex

The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...
USD/JPY news

Forex

Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 29-04-2024
2024-04-29 09:53AM UTC
Expected Scenario The GBPUSD price shows new positive trades attempting to approach the ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 29-04-2024
2024-04-29 09:53AM UTC
Expected Scenario The EURUSD price surpassed the 1.0715$ level and closed the last four ...
Technical Analysis

Forex

The GBPAUD hits the first target – Forecast today – 29-4-2024
2024-04-29 05:57AM UTC
GBPAUD Price Analysis Expected Scenario The GBPAUD price started to form new negative ...