USDCHF reaches the targets’ thresholds – Analysis - 08-10-2018

2018-10-08 05:38:29 GMT (Economies.com)
USDCHF reaches the targets’ thresholds – Analysis - 08-10-2018
 

The USDCHF pair approached our waited target at 0.9965 and shows some slight bearish bias now, noticing that stochastic managed to get rid of its negative momentum to reach the oversold areas, waiting to motivate the price to rebound bullishly and resume the main bullish trend, noting that our next target extends to reach 1.0055.

 

Therefore, we will keep our bullish overview conditioned by the price stability above 0.9850.

 

Expected trading range for today is between 0.9870 support and 1.0000 resistance.

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1303
-0.0094
0.8283%
1.2568
-0.0135
1.0659%
14.598
-0.022
0.154%
51.250
-0.995
1.905%
60.22
-1.18
1.92%
1239.945
-8.095
0.649%
 
 
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