Latest Articles

How much gold is deducted while selling?

Selling gold can be a lucrative endeavor, whether you're looking to cash in on investment holdings, liquidate jewelry, or divest assets. However, it's essential...
HomeFOREXUSDCHF Resumes Bullish Bias - Forecast for April 2, 2024
Advertisements

USDCHF Resumes Bullish Bias – Forecast for April 2, 2024

Market Analysis for USDCHF Pair:

Advertisements

After experiencing a decline in previous sessions, the USDCHF pair has resumed its upward trajectory, currently stabilizing around $0.9050. The pair shows signs of further upward movement, with potential targets beginning at $0.9105 and extending to $0.9150.

Advertisements

The bullish momentum is supported by the presence of a bullish channel, which continues to guide the upward movement, with reinforcement from the EMA50. However, breaching the $0.9000 level poses a risk to trading within the established channel, potentially initiating a bearish correction on an intraday basis.

Advertisements

Trading Range Forecast:

Traders can anticipate a trading range for today between the support level at $0.9000 and the resistance level at $0.9130.

Trend Forecast: Bullish

Advertisements
Advertisements