USDCHF tests the channel’s resistance – Analysis - 26-04-2018

2018-04-26 03:55:25 GMT (Economies.com)
 

The USDCHF pair touched the bullish channel’s resistance that appears on the chart, and the price might be forced to show some temporary decline to test the support base formed above 0.9790 before resuming the rise again.

 

In general, we will continue to suggest the bullish trend supported by the EMA50, depending on the organized trading inside the mentioned bullish channel, noting that our next target is located at 0.9900, while holding above 0.9790 represents key condition to continue the expected rise.

 

Expected trading range for today is between 0.9750 support and 0.9900 resistance.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
0.9818
0.0163
1.6835%
1.1124
0.0303
2.8035%
18.816
-0.042
0.223%
81.609
2.315
2.920%
88.86
-0.46
0.52%
1660.490
15.130
0.920%
 
 
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