USDCHF around the key support – Analysis - 28-11-2017

2017-11-28 05:53:18 GMT (Economies.com)
 

The USDCHF pair fluctuates around 0.9800 level, accompanied by stochastic reach to the overbought areas now, while the EMA50 keeps pushing negatively on the price and protects trading inside the bearish channel that appears on chart.

 

Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, and breaking 0.9800 will confirm opening the way to head towards 0.9730 direct, while the expected decline will remain valid unless breaching 0.9892 and holding with a daily close above it.

 

Expected trading range for today is between 0.9730 support and 0.9865 resistance.

 

Expected trend for today: Bearish

 

 
 
 
  Symbol Last Change Chg.%
1.1284
-0.0013
0.1146%
1.3490
0.0012
0.0876%
Tadawul
12108.56
56.61
0.47%
23.784
-0.033
0.139%
84.641
1.100
1.317%
87.64
1.30
1.51%
1847.715
8.250
0.449%
 
 
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