USD/CHF Weekly Technical Report 18-22/2/2013
ecPulse
2013-02-18 06:59AM UTC
The pair managed to stay positive and stabilize above Linear Regression Indicators since it stabilized above key resistance level of the downside move as shown on the graph. Stability above 0.9200 levels might extend the bullish move this week, as there might be great volatility and retesting to levels close to the mentioned support level 0.9200 to cover the price gap of this week, in addition to reduce the overbought signals. Trading above 0.9130 levels might extend the upside move.
The trading range for this week is among key support at 0.9080 and key resistance at 0.9425.
The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.
Forex and Currency News
Forex
Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
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
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 Technical Analysis
Forex
The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
Forex
The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Forex
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC