USDCHF leans on the moving average – Analysis - 20-06-2018

Economies.com
2018-06-20 03:42AM UTC

The USDCHF pair tests the EMA50 and keeps its stability above it, which keeps the bullish trend scenario active until now, depending on the price stability above 0.9850 level, as breaking this level will put the price under the correctional bearish pressure on the short term basis, while the positive targets of the expected bullish wav begin at 1.0055.

 

Expected trading range for today is between 0.9860 support and 1.0020 resistance.

 

Expected trend for today: Bullish

Forex and Currency News

USD/CAD news

Forex

Loonie edges up after monthly employment data
2024-05-10 15:49PM UTC
The Canadian dollar rose against most major rivals following monthly jobs data which revealed solid ...
GBP/USD news

Forex

Sterling moves in a positive zone after hot growth data
2024-05-10 08:26AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
USD/JPY news

Forex

Yen heads for weekly loss as intervention momentum from Japanese authorities fade
2024-05-10 04:51AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, resuming losses against the ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The GBPUSD price shows slight positive trades. It might head ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The EURUSD price fluctuates within tight range since morning, ...
Technical Analysis

Forex

The NZDCAD tests the resistance – Forecast today – 10-5-2024
2024-05-10 07:11AM UTC
NZDCAD Price Analysis 1. Expected Scenario NZDCAD price faces strong positive pressures ...