USDCHF gets the positive momentum – Analysis - 23-02-2018
Economies.com
2018-02-23 05:29AM UTC
The USDCHF pair traded with clear negativity yesterday to settle around the EMA50, noticing that stochastic shows clear oversold signals now, besides overlapping positively on the four hours’ time frame, which forms positive motive that we expect to push the price to resume the bullish track again, and the price needs to breach 0.9373 level to confirm opening the way to head towards 0.9488 as a next station.
Therefore, the bullish trend scenario will remain active conditioned by the price stability above 0.9275.
Expected trading range for today is between 0.9275 support and 0.9430 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex
Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...
Forex Technical Analysis
Forex
The EURJPY achieves some targets – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
Forex
The GBPJPY begins to rise – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
Forex
The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...