USDCHF needs the positive momentum – Analysis - 07-03-2017
Economies.com
2017-03-07 05:17AM UTC
The USDCHF pair provided positive trading after leaning on the bullish channel’s support that appears in the image, to settle above 1.0100 now, reinforcing the chances for the bullish bias continuation towards our next target at 1.0157.
In general, we keep preferring the bullish trend on the intraday and short term basis unless breaking 1.0043 level and holding below it, pointing that stochastic current negativity might push the price to provide negative trading before rising again, pointing that the EMA50 keeps supporting the suggested bullish wave.
Expected trading range for today is between 1.0043 support and 1.0170 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...