USDCHF attemps to breach – Analysis - 06-11-2018
Economies.com
2018-11-06 04:43AM UTC
The USDCHF price attempted to breach 1.0055 level but it could not manage to settle above it until now, to continue fluctuating around this level, noticing that the EMA50 keeps supporting the price from below, while stochastic gets rid of its negative momentum gradually.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, which targets 1.0105 followed by 1.0170 levels as next stations, while holding above 0.9970 represents key condition to achieve these targets.
Expected trading range for today is between 1.0000 support and 1.0120 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...
Forex
Euro under pressure ahead of European inflation data
2024-04-30 07:41AM UTC
Euro declined in European trade on Tuesday against a basket of major rivals, backing away from ...
Forex
Dollar loses ground as markets focus on corporate earnings
2024-04-29 18:46PM UTC
Dollar declined against most major rivals on Monday as markets focus on corporate earnings and the ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 30-04-2024
2024-04-30 09:24AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price trades with clear negativity to ...
Forex
The AUDUSD price forecast update 30-04-2024
2024-04-30 09:24AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price is facing additional negative ...
Forex
The GBPUSD forecast update 30-04-2024
2024-04-30 09:23AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades negatively now to confirm ...