USDCHF tests the support – Analysis - 08-08-2018
Economies.com
2018-08-08 03:59AM UTC
The USDCHF pair returns to test the bullish channel’s support line, noticing that the EMA50 provides positive support to protect the recently suggested bullish trend scenario, waiting to resume the bullish trend that its next target located at 1.0055.
We should note that breaking 0.9935 will stop the expected rise temporarily and push the price to visit 0.950 level before any new positive attempt.
Expected trading range for today is between 0.9880 support and 1.0020 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
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 Technical Analysis
Forex
The GBPUSD forecast update 01-05-2024
2024-05-01 10:07AM UTC
GBPUSD Price Analysis: Expected Scenarios The GBPUSD price attempted to break 1.2480$ level but it ...
Forex
The EURUSD price forecast update - 01-05-2024
2024-05-01 10:07AM UTC
EURUSD Price Analysis: Expected Scenarios The EURUSD price shows some slight bullish bias now, ...
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 ...