The USDCHF attempts positively – Analysis - 09-12-2019

Economies.com
2019-12-09 05:52AM UTC

The USDCHF pair trades positively to start testing the EMA50, as it gets positive signal through stochastic, which supports the chances of achieving more intraday gains, on its way to visit 0.9990 level mainly.

 

Therefore, the bullish bias will be suggested for today, taking into consideration that failing to breach 0.9915 will press on the price to rebound bearishly and test 0.9836 level initially.

 

The expected trading range for today is between 0.9860 support and 0.9990 resistance.

The expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 28-03-2024
2024-03-28 10:19AM UTC
EURUSD Trading Analysis The EURUSD price resumes its negative trading to approach our first ...