USDCHF resumes rising – Analysis - 19-03-2018

Economies.com
5 years ago

The USDCHF pair leaned well on 0.9488 level to resume its positive trading, on its way towards our first waited target at 0.9581, as the price moves inside bullish channel that appears on the above chart, supported by the EMA50 that protects trading inside this channel, noting that breaching the targeted level will extend the pair’s gains to reach 0.9675.

 

Therefore, the bullish trend will remain suggested for today unless we witnessed clear break for 0.9488 followed by 0.9460 levels and hold below them.

 

Advertistment

Expected trading range for today is between 0.9460 support and 0.9610 resistance.

 

Expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

Dollar hits 2023 high on US interest rate forecasts
13 hours ago
Dollar rose in European trade on Tuesday against a basket of major rivals, extending gains for the ...
Forex News

Forex

Reasons that bolster the case for an additional US rate hike.. what are they?
16 hours ago
Amid sharp volatility in dollar's pricing and US treasury yields, markets are speculating about an ...
EUR/USD news

Forex

Euro sharpens decline to six-month trough amid concerns about rate gap
17 hours ago
Euro fell in European trade on Tuesday on track for the sixth straight loss against dollar, ...

Forex Technical Analysis

GBP USD Analysis

Forex

Midday update for the GBPUSD 26-09-2023
15 hours ago
The GBPUSD pair provides extra negative trading, reinforcing the expectations for the continuation ...
EUR USD Analysis

Forex

Midday update for the EURUSD 26-09-2023
15 hours ago
The EURUSD pair provided clear negative trading this morning, and returns to show slight bullish ...
Technical Analysis

Forex

The GBPCHF repeats the negative closes – Analysis – 26-9-2023
19 hours ago
The GBPCHF confirmed its surrender to the bearish bias domination by providing new closes below the ...