USDCHF faces negative pressure – Analysis - 28-12-2018
Economies.com
2018-12-28 04:59AM UTC
The USDCHF price traded with strong negativity yesterday to test the key support 0.9900, which represents one of the sideways range’s lines that dominates the recent trades besides 0.9990 resistance, and as we mentioned in our last report, the price needs to breach one of these levels to detect its next targets clearly, which keeps the sideways move scenario valid until now.
We remind you that breaking the mentioned support will push the price to head towards 0.9766 direct, while breaching the resistance will push the price to achieve gains that start at 1.0128 mainly.
Expected trading range for today is between 0.9770 support and 0.9900 resistance.
Expected trend for today: Sideways
Forex and Currency News
Forex
Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
Forex
The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Forex
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...