USDCHF faces negative pressure – Analysis - 18-02-2019
Economies.com
2019-02-18 05:27AM UTC
The USDCHF pair begins today’s trading with bearish bias to break the bullish channel’s support line that appears on the chart, which might push the price to test the most important support at 0.9990 before attempting to rise again.
Until now, the overall bullish trend scenario still active unless breaking 0.9990 and holding below it, noting that the EMA50 attempts to protect the suggested positive scenario, which its next target located at 1.0128.
The expected trading range for today is between 0.9990 support and 1.0100 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex Technical Analysis
Forex
Update: Weak trades, waiting the US economic data
2024-05-03 08:20AM UTC
The major currencies’ pairs and commodities show weak and tight trades since morning, waiting ...
Forex
The EURJPY threats the support – Forecast today – 3-5-2024
2024-05-03 07:07AM UTC
Scenarios Scenario 1: Potential for Positive Momentum EURJPY pair unable to shake off negative ...
Forex
The GBPJPY fluctuates near the support – Forecast today – 3-5-2024
2024-05-03 07:06AM UTC
Scenarios Scenario 1: Activation of Bullish Momentum GBPJPY pair forms new negative waves, ...