The USDCHF surpasses the resistance – Analysis - 19-06-2019

Economies.com
2019-06-19 04:38AM UTC

The USDCHF pair resumed its positive trading yesterday to breach 1.0000 level and settles above it, which opens the way for more bullish correction on the intraday basis, and it is expected to test 1.0040 followed by 1.0085 levels in the upcoming sessions.

 

Therefore, we expect witnessing more positive trading today, noting that breaking 1.0000 followed by 0.9944 levels will stop the expected rise and press on the price to decline again.

 

The expected trading range for today is between 0.9960 support and 1.0085 resistance.

The expected trend for today: Bullish

Forex and Currency News

USD/JPY news

Forex

Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
EUR/USD news

Forex

Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
USD/JPY news

Forex

Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Technical Analysis

Forex

The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...