USDCHF loses momentum – Analysis - 10-09-2018
Economies.com
2018-09-10 04:25AM UTC
The USDCHF pair shows some bullish bias to approach testing 0.9723 level again, met by the EMA50 to add more strength to it, noticing that stochastic loses its positive momentum and enters the overbought areas.
Therefore, these factors encourage us to keep our bearish overview in the upcoming period, which its next target located at 0.9620, noting that the continuation of the expected decline depends on holding below 0.9720 and 0.9750 levels.
Expected trading range for today is between 0.9620 support and 0.9750 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex Technical Analysis
Forex
The GBPAUD prepares to decline – Forecast today – 25-4-2024
2024-04-25 05:48AM UTC
GBPAUD Price Analysis The GBPAUD price confirmed its surrender to the domination of the bearish ...
Forex
The GBPJPY resumes the rise – Forecast today – 25-4-2024
2024-04-25 05:41AM UTC
GBPJPY Pair Analysis The GBPJPY pair took advantage of the frequent positive pressures to ...
Forex
The USDCHF price touches the recent high – Forecast today - 25-04-2024
2024-04-25 04:07AM UTC
USDCHF Price Analysis The USDCHF price resumes its positive trading to test the recently ...