The USDCHF tests the resistance – Analysis - 01-03-2021
Economies.com
2021-03-01 05:39AM UTC
The USDCHF pair tests the key resistance 0.9090 now, which represents one of the next trend keys besides 0.9025 support, and as we mentioned in our recent reports, the price needs to breach one of these levels to detect its next destination clearly, which keeps our neutrality valid until now.
The contradiction between the EMA50 positivity and stochastic negativity provides another reason for neutrality, while the details of the expected targets after the breach are explained in our previous report.
The expected trading range for today is between 0.9000 support and 0.9160 resistance.
The expected trend for today: Neutral
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
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 Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...