USD CHF hits the initial targets 17/04/2013
Economies.com
2013-04-17 05:41AM UTC
The pair succeeded to touch the first waited target near 0.9200 which represents the retest level of the previously broken resistance that can be seen in the image, this resistance turns into good resistance now, to bounce calmly to the upside.
Stochastic shows clear oversold signals, which allows us to suggest witnessing some temporarily positive bias for today, while the target is testing 0.9320 initially, noting that breaking below 0.9205 will lead to resume the overall bearish trend.
Expected trading range for today is between: 0.9180 support and 0.9360 resistance.
Expected trend for today: Bullish temporarily
Forex and Currency 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 ...
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
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 Technical Analysis
Forex
The GBPUSD forecast update 17-04-2024
2024-04-17 09:24AM UTC
Trend Forecast for GBPUSD Expected Scenario upon Testing the Key Resistance 1.2480$ The ...
Forex
The EURUSD price forecast update - 17-04-2024
2024-04-17 09:24AM UTC
Trend Forecast for EURUSD Expected Scenario upon Breaching 1.0645$ Level The EURUSD price ...
Forex
The GBPCHF pair hits solid resistance – Forecast today – 17-4-2024
2024-04-17 05:44AM UTC
Expected Scenarios The GBPCHF pair ended the recent bullish rally by touching 1.1475 ...