USDCHF begins negatively – Analysis - 17-11-2017
Economies.com
2017-11-17 04:28AM UTC
The EMA50 managed to stop the USDCHF pair's recent bullish rally, to start bouncing bearishly now, affected by stochastic negativity that appears clearly on the four hours' time frame, reinforcing the chacnes of resuming the bearish trend on the intraday and short term basis.
Therefore, we are waiting for more decline in the upcoming sessions, and breaking 0.9892 will confirm opening the way to head towards our next target at 0.9800, while breaching 0.9980 represents the key to regain the main bullish trend and stop the current correctional bearish pressure.
Expected trading range for today is between 0.9820 support and 0.9980 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...
Forex
Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPAUD hits the first target – Forecast today – 29-4-2024
2024-04-29 05:57AM UTC
GBPAUD Price Analysis Expected Scenario The GBPAUD price started to form new negative ...
Forex
The EURJPY achieves fake gains – Forecast today – 29-4-2024
2024-04-29 05:51AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair started today by forming ...
Forex
The GBPJPY exceeds the expectations – Forecast today – 29-4-2024
2024-04-29 05:49AM UTC
GBPJPY Price Analysis Expected Scenario The GBPJPY pair was affected by strong economic ...