USDCHF tests the resistance – Analysis - 19-10-2017
Economies.com
2017-10-19 03:46AM UTC
The USDCHF pair continued its positive trading to test the key resistance 0.9815 and keeps its stability below it until now, which keeps the bearish trend scenario valid until now, waiting to break 0.9700 level to confirm the continuation of the bearish bias towards 0.9625 followed by 0.9578, which represent our next main targets.
We should note that breaching 0.9815 will lead the price to turn its short term trend to rise, to start the positive targets at 0.9900 and extend to 1.0030.
Expected trading range for today is between 0.9700 support and 0.9864 resistance.
Expected trend for today: Bearish
Forex and Currency News
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
Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The USDCHF price awaits the breach – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
USDCHF Price Analysis The USDCHF price continues to fluctuate around 0.9150 level and finds ...
Forex
The NZDUSD price begins with new positivity – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
NZDUSD Price Analysis The NZDUSD price shows new positive trades by today’s open, to ...
Forex
The AUDUSD price hits the target – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
AUDUSD Price Analysis The AUDUSD price succeeded to achieve our waited target at 0.6570$ by ...