The USDCHF pair sneaks downwards to approach progressively from the target at 0.8900, noticing that stochastic provides negative overlapping signal that we are waiting to motivate the price to achieve more decline, to continue suggesting the bearish trend for the upcoming period conditioned by the price stability below 0.9000.
Note that breaking 0.8900 will extend the bearish wave to reach 0.8820 as a next main station.
At 11:00 today the Swiss Credit Suisse Economic Expectations will be released which is a leading indicator of economic health – investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity.
The expected trading range for today is between 0.8880 support and 0.9000 resistance and we believe the will continue Bearish trend for today.
Warning:
Trading on CFDs involves a high level of risk, including full loss of your trading funds. Before proceeding to trade, you must understand all risks involved and acknowledge your trading limits, bearing in mind the level of awareness in the financial markets, trading experience, economic capabilities and other aspects.
Disclaimer:
Market Trends, Charts, Trading Ideas or other information provided by BKFX (Pty) Ltd and/or third parties are not intended as an investment advice and/or recommendation. The information provided is not presented as suitable or based on your specific need. You are responsible for your own investment decisions and you should not trade with money you cannot afford to lose. Any views or opinions presented in this Article are solely those of the author and do not necessarily represent those of the Company, unless otherwise specifically stated. The Company may provide the general commentary which is not intended as an investment advice and must not be construed as such. Seek advice from a separate financial advisor if an investment advice is needed. The Company assumes no liability for errors, inaccuracies or omissions, inaccuracies or incompleteness of information, texts, graphics, links or other items contained within this article/material.