The USDCHF touches the target – Analysis - 25-05-2023

Economies.com
2023-05-25 04:06AM UTC

The USDCHF pair managed to touch our waited target at 0.9055, noticing that the price begins today with additional positivity to attempt to surpass this level, reinforcing the expectations of continuing the correctional bullish trend, reminding you that our next target is located at 0.9130.

 

The bullish channel continues to organize the suggested bullish wave, which gets continuous support by the EMA50, noting that holding above 0.9010 is important to continue the expected rise.

 

The expected trading range for today is between 0.9000 support and 0.9150 resistance.

 

The expected trend for today: Bullish

Forex and Currency News

EUR/USD news

Forex

Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex News

Forex

Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
GBP/USD news

Forex

Sterling starts recovering after hot UK inflation data
2024-04-17 06:43AM UTC
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 18-04-2024
2024-04-18 11:09AM UTC
GBP/USD Price Analysis Expected Scenario The GBP/USD price is testing the 1.2480$ ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 18-04-2024
2024-04-18 11:08AM UTC
The EURUSD price shows more bullish bias to approach 1.0715$ level, and as we mentioned this ...
Technical Analysis

Forex

The CADCHF takes advantage of the support line stability – Forecast today – 18-4-2024
2024-04-18 05:38AM UTC
CADCHF Price Analysis Expected Scenario The CADCHF takes advantage of the stability of ...