The USDCHF within sideways track – Analysis - 30-01-2023
Economies.com
2023-01-30 05:05AM UTC
The USDCHF pair moves within sideways track as appears on the chart, to continue with our neutrality until the price confirms breaching 0.9240 resistance or breaking 0.9160 to detect its next targets clearly.
The contradiction between the technical indicators provides another reason for neutrality, noting that breaking the mentioned support will press on the price to decline towards 0.9085 areas initially, while breaching the resistance will push the price to recover and visit 0.9335 level direct.
The expected trading range for today is between 0.9140 support and 0.9280 resistance.
The expected trend for today: Neutral
Forex and Currency News
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
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 Technical Analysis
Forex
The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
Forex
The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
Forex
Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...