USDCHF faces negative pressure – Analysis - 06-03-2017
Economies.com
2017-03-06 05:32AM UTC
The USDCHF pair returns to trade negatively after approaching from 1.0157 level, to test the correctional bullish channel's support that appears on chart, accompanied by stochastic reach to the oversold areas, besides the continuation positive support provided by the EMA50.
Therefore, these factors keep the chances valid to continue the bullish trend in the upcoming sessions, which targets 1.0157 followed by 1.0228 levels mainly, taking into consideration that breaking 1.0043 will stop the current correctional bullish wave and leads the price to return to the short term bearish trend.
Expected trading range for today is between 1.0043 support and 1.0157 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Yen tumbles to two-week lows, triggering concerns of official Japanese intervention
2024-05-14 04:08AM UTC
Yen fell in Asian trade on Tuesday against a basket of major rivals, sharpening losses for the ...
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 ...
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 ...
Forex Technical Analysis
Forex
The AUDCAD awaits the additional positive momentum – Forecast today – 14-5-2024
2024-05-14 05:36AM UTC
AUDCAD Price Analysis Expected Scenario The AUDCAD price formed some correctional bearish ...
Forex
The EURJPY records big gains – Forecast today – 14-5-2024
2024-05-14 05:32AM UTC
EURJPY Pair Analysis Expected Scenario The EURJPY pair continued to form strong bullish ...
Forex
The GBPJPY hovers near the target – Forecast today – 14-5-2024
2024-05-14 05:31AM UTC
GBPJPY Pair Analysis Expected Scenario The GBPJPY pair resumed its bullish rally ...