USDCHF faces solid resistance – Analysis - 09-05-2018

2018-05-09 03:45:42 GMT (Economies.com)
 

The USDCHF pair’s recent trades are confined within mew minor bearish channel that we believe it forms bullish flag pattern, thus, the price needs to breach 1.0035 to activate the positive effect of this pattern followed by rallying towards our waited target at 1.0100.

 

Therefore, we will continue to suggest the bullish trend supported by the EMA50, unless we witnessed clear break and hold below 1.0000.

 

Expected trading range for today is between 0.9980 support and 1.0100 resistance.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1815
0.0105
0.8928%
1.3077
0.0062
0.4794%
Tadawul
7499.97
10.08
0.13%
28.160
3.913
16.138%
41.445
1.010
2.498%
44.58
-0.51
1.13%
2052.920
83.565
4.243%
 
 
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