The USDCHF rallies upwards – Analysis - 02-03-2021

Economies.com
2021-03-02 05:13AM UTC

The USDCHF pair breached 0.9090 level strongly and rallied upwards to activate the bullish trend scenario on the intraday and short term basis, and the way is open to visit 0.9190 as a next positive target, noting that breaching this level will extend the bullish wave to reach 0.9295 as a next station.

 

Therefore, the bullish trend will be suggested for the upcoming period unless breaking 0.9090 and holding below it.

 

The expected trading range for today is between 0.9100 support and 0.9230 resistance.

 

The expected trend for today: Bullish

Forex and Currency News

Forex 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 ...
NZD/USD news

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 News

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

GBP USD 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 ...
EUR USD 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, ...
Technical Analysis

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 ...