The USDCHF tests the support – Analysis - 20-09-2019
Economies.com
2019-09-20 05:05AM UTC
The USDCHF pair returns to test the intraday bullish channel’s support, and the EMA50 provides a good positive support for the price, keeping the bullish trend scenario valid in the upcoming period, waiting for getting enough positive motive to push the price to breach 0.9990, to confirm extending the bullish wave to 1.0095.
Therefore, our positive expectations will remain active unless breaking 0.8985 level and holding below it, where breaking it will push the price to test 0.9836 levels before any new attempt to rise.
The expected trading range for today is between 0.9880 support and 0.9990 resistance.
The expected trend for today: Bullish
Forex and Currency 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 ...
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
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...