USDCHF gets a negative signal – Analysis - 12-02-2018

Economies.com
2018-02-12 05:26AM UTC

The USDCHF pair trading settles below the previously broken support that appears in the image, while stochastic provides negative overlapping signal on the four hours time frame, which supports the continuation of our bearish trend expectations in the upcoming sessions, reminding you that our next target at 0.9254.

 

Therefore, the decline will remain preferred on the intraday basis unless breaching 0.9424 level and holding above it.

 

Expected trading range for today is between 0.9300 support and 0.9424 resistance.

 

Expected trend for today: Bearish

 

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