The USDCHF tests the resistance – Analysis - 02-03-2022
Economies.com
2022-03-02 04:31AM UTC
The USDCHF pair approached our waited target at 0.9135 and bounced bullishly to test the first key resistance 0.9200, accompanied by stochastic loss to the positive momentum clearly, waiting to resume the negative trades to touch the mentioned target initially, noting that breaking it will push the price to 0.9060 as a next negative station.
Therefore, we will continue to suggest the bearish trend unless breaching 0.9200 followed by 0.9265 levels and holding above them.
The expected trading range for today is between 0.9135 support and 0.9240 resistance.
The expected trend for today: Bearish
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
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, ...