USDCHF loses momentum – Analysis - 17-09-2018
Economies.com
2018-09-17 03:55AM UTC
The USDCHF pair approached our main waited target at 0.9620, noticing that stochastic loses its positive momentum clearly to enter the overbought areas, while the EMA50 forms continuous negative pressure agains the price.
Therefore, these factors encourage us to suggest the continuation of the bearish trend in the upcoming sessions, noting that breaking 0.9620 will push the price towards 0.9518, while breaching 0.9723 followed by 0.9790 levels will stop the expected decline and push the price to start recovery attempts on the intraday and short term basis.
Expected trading range for today is between 0.9600 support and 0.9723 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...