USDCHF gets a negative signal – Analysis - 05-02-2018
Economies.com
2018-02-05 05:18AM UTC
The USDCHF pair shows some slight bullish bias to test the minor bearish channel’s resistance that appears on the chart, noticing that the EMA50 continues to push negatively on the price, while stochastic provides negative overlapping signal now.
Therefore, these factors support the continuation of the bearish trend scenario on the intraday and short term basis, waiting to head towards our next main target at 0.9035, noting that breaching 0.9325 will push the price to test the most important resistance at 0.9418 before any new attempt to decline.
Expected trading range for today is between 0.9220 support and 0.9470 resistance.
Expected trend for today: Bearish
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