USDCHF tests the resistance – Analysis - 26-11-2018
Economies.com
2018-11-26 05:12AM UTC
The USDCHF price trades positively to test the key resistance 0.9990, as the EMA50 meets this resistance to add more strength to it, accompanied by stochastic reaching to the overbought areas.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions unless breaching 0.9990 level and holding above it, reminding you that our targets begin at 0.9900 and extend to 0.9834 after breaking the previous level.
Expected trading range for today is between 0.9900 support and 1.0020 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price presses on the key support ...
Forex
The AUDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial break to ...
Forex
The GBPUSD forecast update 08-05-2024
2024-05-08 09:36AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price achieved initial break to ...