The USDCHF price under the negative pressure – Forecast today - 19-04-2024
Economies.com
2024-04-19 04:20AM UTC
USDCHF Price Analysis
Expected Scenario
- The USDCHF price begins today with strong decline to attack the bullish channel’s support line and hint the attempt to start bearish correction for the rise that started from 0.8332$ areas, affected by stochastic negativity, making the bearish bias suggested in the upcoming sessions, noting that the first target is located at 0.8960.
- We expect to witness negative trades on the intraday basis, taking into consideration that consolidation above 0.9065 will stop the expected decline and lead the price to resume the main bullish trend again.
Expected Outcome
The expected trading range for today is between 0.8980 support and 0.9130 resistance.
Trend Forecast: Bearish
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 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 ...
Forex
The EURJPY achieves the first target – Forecast today – 1-5-2024
2024-05-01 05:26AM UTC
Scenarios and Trading Range Expected Scenarios EURJPY pair took advantage of frequent ...