USDCHF resumes the decline – Analysis - 25-05-2018
Economies.com
2018-05-25 01:20AM UTC
The USDCHF pair bounced bearishly after retesting 0.9955 level in the previous sessions, to keep the bearish trend active for the upcoming period, affected by the double top pattern that was completed previously, waiting to target 0.9850 level as a next main station.
The EMA50 keeps supporting the suggested bearish wave, which its continuation conditions holding below 0.9955 and the most important below 1.0055.
Expected trading range for today is between 0.9830 support and 0.9970 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Dollar under pressure from US yields and Japanese authorities
2024-04-29 11:17AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming gains after a ...
Forex
Euro hovers near two-week high despite bearish outlook
2024-04-29 07:40AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains against the ...
Forex
The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...
Forex Technical Analysis
Forex
The EURUSD price forecast update - 29-04-2024
2024-04-29 09:53AM UTC
Expected Scenario The EURUSD price surpassed the 1.0715$ level and closed the last four ...
Forex
The GBPAUD hits the first target – Forecast today – 29-4-2024
2024-04-29 05:57AM UTC
GBPAUD Price Analysis Expected Scenario The GBPAUD price started to form new negative ...
Forex
The EURJPY achieves fake gains – Forecast today – 29-4-2024
2024-04-29 05:51AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair started today by forming ...