USDCHF loses momentum – Analysis - 21-11-2018
Economies.com
2018-11-21 05:13AM UTC
The USDCHF price provided positive trades yesterday to settle around 0.9950 level, noticing that stochastic loses the positive momentum and enters the overbought areas, which forms negative factor that we expect to push the price to resume the correctional bearish trend, which its targets begin by breaking 0.9900 to confirm heading towards 0.9834 as a next station.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 0.9990 level and holding with a daily close above it.
Expected trading range for today is between 0.9850 support and 0.9990 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, ...