The USDCHF awaits more decline – Analysis - 19-03-2019

Economies.com
2019-03-19 05:08AM UTC

The USDCHF pair shows more bearish bias to reach the waited target at 0.9990, and the price falls under negative pressure coming by the EMA50, while stochastic provides negative overlapping signal on the four hours’ time frame, thus, we believe that the chances are valid to break the mentioned level and extend the bearish wave to reach 0.9900 as a next station.

 

Therefore, we will continue to suggest the bearish trend for today, reminding you that the continuation of the expected decline depends on the price stability below 1.0070 and 1.0128 levels.

 

The expected trading range for today is between 0.9940 support and 1.0050 resistance.

The expected trend for today: Bearish

Forex and Currency News

EUR/USD news

Forex

Euro declines to five-week trough amid thin trading
2024-03-29 08:19AM UTC
Euro Decline Amid Holiday Thin Trading Euro declined in European trade on Friday against a basket ...
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 Technical Analysis

Technical Analysis

Forex

The NZDCAD moves to the bearish track – Forecast today – 29-3-2024
2024-03-29 06:18AM UTC
NZDCAD Pair Forecast for Today - 29-3-2024 The NZDCAD pair surrendered to the negative ...
EUR JPY Analysis

Forex

The EURJPY declines below the support – Forecast today – 29-3-2024
2024-03-29 06:13AM UTC
EURJPY Pair Forecast for Today - 29-3-2024 The EURJPY pair surrendered to the negative ...
GBP JPY Analysis

Forex

The GBPJPY has to decline – Forecast today – 29-3-2024
2024-03-29 06:12AM UTC
GBPJPY Pair Forecast for Today - 29-3-2024 The GBPJPY pair still confined with many negative ...