The USDCHF completes the positive pattern – Analysis - 29-10-2020
Economies.com
2020-10-29 04:16AM UTC
The USDCHF pair managed to breach 0.9090 level and hold above it, to complete forming the double bottom pattern that appears on the chart, reinforcing the expectations of rising in the upcoming sessions, on its way to visit 0.9160 followed by 0.9190 levels mainly.
Stochastic gets rid of its negative momentum and approaches the oversold areas, to support the continuation of the positive scenario that will remain valid conditioned by the price stability above 0.9090 and 0.9050 levels.
The expected trading range for today is between 0.9050 support and 0.9160 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...