The USDCHF tests the moving average – Analysis - 22-05-2019
Economies.com
2019-05-22 00:58AM UTC
The USDCHF pair shows new positive trades to approach 1.0128 level again, but we notice that the EMA50 forms negative pressure to protect the recently suggested negative scenario, besides that stochastic loses its positive momentum, which supports the chances of resuming the bearish trend that its targets begin by breaking 1.0070 to confirm heading towards 0.9940.
In general, we will keep our bearish overview conditioned by the price stability below 1.0128.
The expected trading range for today is between 1.0040 support and 1.0140 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Euro hovers near two-week high despite bearish outlook
2024-04-29 07:40AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains against the ...
Forex
The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...
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 Technical Analysis
Forex
The GBPAUD hits the first target – Forecast today – 29-4-2024
2024-04-29 05:57AM UTC
GBPAUD Price Analysis Expected Scenario The GBPAUD price started to form new negative ...
Forex
The EURJPY achieves fake gains – Forecast today – 29-4-2024
2024-04-29 05:51AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair started today by forming ...
Forex
The GBPJPY exceeds the expectations – Forecast today – 29-4-2024
2024-04-29 05:49AM UTC
GBPJPY Price Analysis Expected Scenario The GBPJPY pair was affected by strong economic ...