Top Forex Brokers – Forex Weekly news and analysis For March 10 – 16, 2025
The US500 is in decline, facing 200-MA support at the 5760 level. The CCI oscillator is in the oversold zone, giving a mixed sentiment.
•If the price bounces from the 5760 support level, it may trigger a rise toward 6000;
•A reach below the 200-MA may cause the price to fall to the 5500 support level.
USDCHF declined to the crucial 0.8780 support zone. The price breached below the Bollinger Band. However, the upside is still strong, showing two possible scenarios.
•A rebound from 0.8780 could lead to a rise to 0.8910;
•A break below the support zone may continue the decline to 0.8680.
USDJPY is following the descending channel, retesting its lower border at 147.50. The MFI indicates oversold conditions, showing two possible options.
•If the price bounces from the lower border of the pattern, USDJPY may rise to 149.40;
•A breach below 147.50 may trigger a decline to the 146.00 support level.
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