The USDCHF tests the support – Analysis - 03-07-2019
Economies.com
2019-07-03 04:55AM UTC
The USDCHF pair tests the key support 0.9836 now, met by the EMA50 that adds more strength to it, accompanied by stochastic approach to the oversold areas.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, which targets 0.9935 followed by 0.9990 levels mainly, while achieving them conditions holding above 0.9836.
The expected trading range for today is between 0.9800 support and 0.9935 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Fed Chair: Driving down inflation towards target could take longer than expected
2024-04-16 20:10PM UTC
Fed Chair Jerome Powell said in a symposium earlier today that inflation has stiffened and held in ...
Forex
US retail sales beat expectations in March
2024-04-15 12:39PM UTC
US retail sales rose 0.7% in March, beating estimates of a 0.4% increase, while down from 0.9% in ...
Forex
Euro tries to recoup from five-month trough amid bearish outlook
2024-04-15 08:41AM UTC
Euro rose in European trade on Monday against a basket of major rivals amid attempts to recoup from ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 16-04-2024
2024-04-16 09:48AM UTC
GBPUSD Price Forecast The GBPUSD price fluctuates positively now to head towards potential test ...
Forex
The EURUSD price forecast update - 16-04-2024
2024-04-16 09:48AM UTC
EURUSD Price Forecast The EURUSD price finds good support at 1.0600$ barrier, to show some ...
Forex
The EURGBP tends to resume the decline – Forecast today – 16-4-2024
2024-04-16 05:51AM UTC
EURGBP Price Analysis Expected Scenario The EURGBP pair confirmed its affection by the ...