USDCHF regains its correctional track – Analysis - 21-02-2017
Economies.com
2017-02-21 05:23AM UTC
The USDCHF pair showed clear positive trading to breach 1.0043 level and closed the last four hours' candlestick above it, which stops the recently suggested negative scenario and lead the price to return to the correctional bullish track again, to start the positive targets at 1.0100 and extend to 1.0157.
Therefore, the bullish bias will be suggested in the upcoming sessions unless breaking 1.0043 level, as breaking this level will push the price to decline again, targeting heading towards 0.9973 followed by 0.9859 areas mainly.
Expected trading range for today is between 1.0000 support and 1.0150 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex
US consumer prices miss estimates in April
2024-05-15 12:39PM UTC
US consumer prices rose 0.3% m/m in April, missing estimates of a 0.4% ...
Forex
Aussie parks at two month highs even as Australian wages slow down
2024-05-15 04:23AM UTC
The Australian dollar rose in European trade on Wednesday against a basket of major rivals, ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 15-05-2024
2024-05-15 17:43PM UTC
The EURUSD price managed to achieve our first waited target at 1.0875$ and attempts to breach it, ...
Forex
The NZDUSD price forecast update 15-05-2024
2024-05-15 09:29AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows more bullish bias to reach ...
Forex
The AUDUSD price forecast update 15-05-2024
2024-05-15 09:29AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial breach ...