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USDCHF is in range trading between 1.0032 and 1.0337. Moving sideways in the range is still possible next week. However, the price action from 1.0032 is more likely consolidation of downtrend from 1.1021 and deeper decline towards 0.9900 is still possible in a couple of week. Key resistance is located at 1.0337, above this level will indicate that the fall from 1.1021 has completed at 1.0032 level already, then the following uptrend could bring price back to 1.0800 area.
For long term analysis, USDCHF is in long term bearish movement from 1.1963, further fall is still possible to 0.9800 level.
Weekly Forex Analysis
For long term analysis, USDCHF is in long term bearish movement from 1.1963, further fall is still possible to 0.9800 level.
Weekly Forex Analysis
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USDJPY remains in downtrend from 92.32 and the fall extended further to as low as 88.64 level. Deeper decline is still possible later today. Rebound would more likely be seen before breaking below 88.01 previous low. Support and resistance are located at the borders of the falling price channel. A clear break above the channel resistance will indicate that the downward trend from 92.32 has completed, then the following uptrend could bring price back to 91.00 or even 92.00.
Daily fx Forecast
Daily fx Forecast
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USDCAD stays in a trading range between 1.0416 and 1.0617. The price action from 1.0416 is more likely consolidation of downward trend from 1.0852. Another rise to test the upper border of the rising price channel on 4-hour chart is possible later today, as long as the channel resistance holds, downtrend is expected to resume and one more fall towards 1.0206 previous low could be seen. However, a clear break above the channel resistance will indicate that the fall from 1.0852 has completed at 1.0416 already, then the following uptrend could take price to re-test 1.0852 resistance.
Daily Forex Forecast
Daily Forex Forecast
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USDCAD broke above the falling price channel on 4-hour chart. However, the rise can reach 1.0617 level only. Now the fall from 1.0617 is more likely resumption of downtrend from 1.0852, and another fall towards 1.0206 previous low is still in favor. Key support is at 1.0416, a break below this level will indicate that a short term cycle top has been formed at 1.0617 and confirm the resumption of downtrend. On the up side, above 1.0617 will suggest that the fall from 1.0852 has completed at 1.0416 already, then further rally could be seen to 1.0700 zone.
Daily Forex Signals
Daily Forex Signals
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USDCHF stays in a trading range between 1.0035 and 1.0193. Moving sideways without trend in the range is expected later today. However, the price action from 1.0035 is more likely consolidation of downward trend from 1.0338, another fall towards 0.9900 is still possible after consolidation, and a breakdown below 1.0035 could signal resumption of downtrend.
Daily Forex Signals
Daily Forex Signals
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