USD CHF achieves intraday gains – Analysis - 27/08/2015
Economies.com
2015-08-27 05:06AM UTC
The USDCHF pair continued to rise yesterday to test 50% Fibonacci level that turned into resistance after breaking it previously, accompanied by getting clear overbought signals through stochastic, which puts the price under negative pressure that we are expecting to push it to resume the bearish bias, waiting to visit 0.9440 followed by 0.9330 levels in the upcoming period.
Note that breaching 0.9530 followed by 0.9615 levels will stop the negative scenario and lead the price to regain its bullish track.
Expected trading range for today is between 0.9400 support and 0.9615 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 16-05-2024
2024-05-16 09:26AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some bearish bias to head ...
Forex
The EURUSD price forecast update - 16-05-2024
2024-05-16 09:25AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price faces negative pressure now to ...
Forex
The NZDCAD regains the bullish track – Forecast today – 16-5-2024
2024-05-16 05:41AM UTC
NZDCAD Price Analysis Expected Scenario The NZDCAD price succeeded in regaining the ...