The USDCHF tests the support – Analysis - 11-12-2019
Economies.com
2019-12-11 05:42AM UTC
The USDCHF pair showed a new decline yesterday to test the critical support at 0.9836, keeping its stability above it until now, noticing that stochastic shows positive signals that we wait to assist to push the price to bounce higher and resuming the expected bullish trend on the intraday basis.
Therefore, we will keep the positive scenario that targets 0.9990 level, conditioned by holding above 0.9836, where breaking this level will push the price to make some of the bearish correctional moves and head to 0.9712 levels on the near term basis.
The expected trading range for today is between 0.9800 support and 0.9920 resistance.
The expected trend for today: Bullish
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 USDCHF price hits the target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
USDCHF Price Analysis Expected Scenarios The USDCHF price managed to achieve our waited ...
Forex
The NZDUSD price completes the positive pattern – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
NZDUSD Price Analysis Expected Scenarios The NZDUSD price settles above 0.6000$ level, which ...
Forex
The AUDUSD price hits the second target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
AUDUSD Price Analysis Expected Scenarios The AUDUSD price found solid resistance at 0.6640$, ...