USDCHF breaches the resistance – Analysis - 18-12-2017

2017-12-18 04:38:45 GMT (Economies.com)
 

The USDCHF pair confirmed breaching 0.9892 level after closing the daily candlestick above it, which turns the intraday and short term track to rise, paving the way to resume the bullish trend that was stopped for some bearish correction recently.

 

Therefore, the bullish trend will be suggested for today, and the first target is located at 1.0038, noting that breaking 0.9892 will put the price under the correctional bearish pressure again.

 

Expected trading range for today is between 0.9850 support and 0.9970 resistance.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1292
0.0049
0.4339%
1.3338
-0.0068
0.5042%
Tadawul
11299.45
-68.73
0.60%
23.648
-0.839
3.428%
74.176
-1.674
2.207%
77.55
-4.71
5.73%
1808.835
-9.000
0.495%
 
 
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