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USDCHF Daily Forecast: October 03

Sunday, October 2, 2016 19:44
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(Before It's News)

USDCHF Forecast
The USDCHF was indecisive last week formed a Doji on weekly chart. From another technical perspective as you can see on my H1 chart below, price is moving inside a “Megaphone” formation. This is not an ideal condition for me to enter the market, but one way to trade when this pattern appear is to sell around the upper line or buy around the lower line of the formation. Immediate resistance is seen around 0.9770 followed by 0.9820. Immediate support is seen around 0.9670 followed by 0.9600. Overall I remain neutral.

usdchfhourly

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