USDCHF faces negative pressure – Analysis - 31-07-2018
Economies.com
2018-07-31 03:32AM UTC
The USDCHF pair traded with clear negativity yesterday to break the bullish channel’s support line and apoprach the most important support to the short term trading at 0.9850, and as we mentioned in our recent reports, holding above this level keeps the main bullish trend scenario valid, waiting to rebound bullish to resume the rise that targets 1.0055 level initially.
Stochastic shows clear oversold signals to support the expected rise.
Expected trading range for today is between 0.9830 support and 0.9950 resistance.
Expected trend for today: Bullish
Forex and Currency News
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
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows new positive trades now, ...
Forex
The AUDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price resumes its positive trading ...
Forex
The GBPUSD forecast update 25-04-2024
2024-04-25 09:42AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price rallies upwards strongly to ...