USDCHF tests the critical support – Analysis - 13-12-2017

Economies.com
2017-12-13 05:01AM UTC

The USDCHF pair tests the key support 0.9892 now, which urges caution from the upcoming trading, as breaking this level will push the price to return to the correctional bearish track that its initial target located at 0.9800.

 

Until now, the bullish trend scenario still valid supported by the EMA50, conditioned by the price stability above 0.9892, reminding you that our next main target is located at 1.0038.

 

Expected trading range for today is between 0.9850 support and 1.0000 resistance.

 

Expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
GBP/USD news

Forex

Sterling starts recovering after hot UK inflation data
2024-04-17 06:43AM UTC
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...
Forex News

Forex

Fed Chair: Driving down inflation towards target could take longer than expected
2024-04-16 20:10PM UTC
Fed Chair Jerome Powell said in a symposium earlier today that inflation has stiffened and held in ...

Forex Technical Analysis

Technical Analysis

Forex

The CADCHF takes advantage of the support line stability – Forecast today – 18-4-2024
2024-04-18 05:38AM UTC
CADCHF Price Analysis Expected Scenario The CADCHF takes advantage of the stability of ...
EUR JPY Analysis

Forex

The EURJPY seeks an escape – Forecast today – 18-4-2024
2024-04-18 05:34AM UTC
EURJPY Pair Price Analysis Expected Scenario The EURJPY pair formed more bullish waves ...
GBP JPY Analysis

Forex

The GBPJPY keeps the positivity – Forecast today – 18-4-2024
2024-04-18 05:33AM UTC
GBPJPY Pair Price Analysis Expected Scenario The GBPJPY pair's bullish track remains ...