USDCHF breaches the resistance – Analysis - 05-09-2018
Economies.com
2018-09-05 04:32AM UTC
The USDCHF pair breached 0.9723 level yesterday, but it faced good resistance formed by the previously broken support of the bearish channel that appears on the chart, as the EMA50 met this resistance to add more strength to it, pushing the price to decline again.
Therefore, we believe that the chances are valid to resume the correctional bearish trend, noting that breaking 0.9723 will push the price towards 0.9620 as a next main target, while breaching 0.9765 represents positive factor that will push the price to test 0.9850 before detecting the destination clearly.
Expected trading range for today is between 0.9650 support and 0.9780 resistance.
Expected trend for today: Bearish
Forex and Currency News
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
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex Technical Analysis
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...
Forex
The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...
Forex
The EURJPY achieves the second target – Forecast today – 26-4-2024
2024-04-26 06:47AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair formed new bullish rally ...