USDCHF gets a negative signal – Analysis - 23-11-2018
Economies.com
2018-11-23 05:10AM UTC
The USDCHF price shows sideways trading and settles around 0.9950, noticing that stochastic provides negative overlapping signal now, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its targets begin by breaking 0.9900 level to confirm opening the way to head towards 0.9834.
We should note that breaching 0.9990 will stop the expected decline and lead the price to return to the main bullish trend again.
Expected trading range for today is between 0.9850 support and 0.9990 resistance.
Expected trend for today: Bearish
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