USDCHF continues to test the support base – Analysis - 10-10-2017

Economies.com
2017-10-10 03:45AM UTC

The USDCHF pair fluctuates at the breached neckline of the double bottom pattern at 0.9770, and the positive effect of this pattern still active as long as the price is above the mentioned level, waiting to resume the bullish trend in the upcoming sessions.

 

The waited targets mainly begin at 0.9900 and extend to 1.0030, noting that the continuation of the bullish wave depends on holding above 0.9700.

 

Expected trading range for today is between 0.9730 support and 0.9880 resistance.

 

Expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

Dollar moves in negative zone ahead of Fed remarks
2024-05-13 11:52AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming losses and ...
EUR/USD news

Forex

Euro advances towards three-week highs amid cautious trading
2024-05-13 08:51AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains against the ...
USD/CAD news

Forex

Loonie edges up after monthly employment data
2024-05-10 15:49PM UTC
The Canadian dollar rose against most major rivals following monthly jobs data which revealed solid ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 13-05-2024
2024-05-13 10:37AM UTC
GBPUSD Expected Scenario The GBPUSD price shows sideways trades since morning, thus, no ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 13-05-2024
2024-05-13 10:37AM UTC
EURUSD Expected Scenario The EURUSD price trades positively now to approach testing the ...
Technical Analysis

Forex

The GBPCAD leans above the moving average – Forecast today – 13-5-2024
2024-05-13 05:37AM UTC
GBPCAD Price Analysis Expected Scenario The GBPCAD price succeeded to face the temporary ...