USDCHF tests the resistance again – Analysis - 07-02-2017
Economies.com
2017-02-07 05:18AM UTC
The USDCHF pair shows bullish bias now to approach from testing the bearish correctional resistance, which meets with the EMA50 to strengthen it, waiting for bouncing lower to resume the main bearish trend that its next target located at 0.9783.
Therefore, the bearish trend scenario will remain active in the upcoming period unless breaching 0.9965 then 0.9996 levels and holding above them, which will push the price to recovery attempts that its targets begin at 1.0062 and extend to 1.0128.
Expected trading range for today is between 0.9864 support and 0.9996 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Kiwi plumbs two-week trough after disappointing labor data
2024-05-01 05:03AM UTC
The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, ...
Forex
Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...
Forex
Euro under pressure ahead of European inflation data
2024-04-30 07:41AM UTC
Euro declined in European trade on Tuesday against a basket of major rivals, backing away from ...
Forex Technical Analysis
Forex
The GBPCHF provides positive signal – Forecast today – 1-5-2024
2024-05-01 05:33AM UTC
Scenarios and Trading Range Expected Scenarios GBPCHF price provided positive signals by ...
Forex
The EURJPY achieves the first target – Forecast today – 1-5-2024
2024-05-01 05:26AM UTC
Scenarios and Trading Range Expected Scenarios EURJPY pair took advantage of frequent ...
Forex
The GBPJPY keeps the positivity – Forecast today – 1-5-2024
2024-05-01 05:25AM UTC
Scenarios and Trading Range Expected Scenarios GBPJPY pair confirmed keeping the bullish ...