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
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...