USDCHF retests again – Analysis - 22-06-2017
Economies.com
2017-06-22 01:35AM UTC
The USDCHF pair ended yesterday's trading negatively to retest 0.9725 level again, noticing that the EMA50 meets the current support area to add more strength to it, while stochastic shows oversold signals now.
Therefore, we believe that the chances are valid to rebound bullishly and resume the bullish trend that targets testing 0.9812 followed by 0.9864 levels mainly, reminding you that it is important to hold above 0.9725 and 0.9700 levels to achieve the suggested targets.
Expected trading range for today is between 0.9700 support and 0.9800 resistance.
Expected trend for today: Bullish
Forex and Currency News
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
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 Technical Analysis
Forex
The USDCHF price consolidates above the support – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for USDCHF Expected Scenario The USDCHF price couldn’t manage to ...
Forex
The NZDUSD price needs the positive momentum – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for NZDUSD Expected Scenario The NZDUSD price shows sideways trades in the ...
Forex
The AUDUSD price heads towards resting the neckline – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for AUDUSD Expected Scenario The AUDUSD price faces temporary negative ...