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| USD/CHF Daily Forecast
Thu, November 20 2014 | Dear Fellow Trader,
Setyo Wibowo here with the latest daily forex update from the FX Instructor Forex Blog.
If you have any questions about today's update - please reply to this email and I will be happy to help. Enjoy!
| The USDCHF attempted to push lower yesterday, slipped below the bullish channel as you can see on my hourly chart below but still unable to make a clear break below 0.9560 so far and traded back inside the bullish channel. Price is in a critical point now. A clear break and daily close below the bullish channel and 0.9560 key support could be an early signal of a bearish reversal scenario testing 0.9400. Immediate resistance is seen around 0.9620 (hourly EMA 200). A clear break above that area would give the bullish scenario another chance testing 0.9675 - 0.9750. Please click here to see the chart. |
| | I hope you enjoyed today's forex update! If you have any questions or suggestions, reply to this email - or visit me at the FX Instructor Blog.
Happy Trading! | | | | | | | |