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USDCHF Daily Forecast: November 05
Wednesday, November 4, 2015 20:26
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USDCHF Forecast
The USDCHF continued its bullish momentum yesterday topped at 0.9950. The bias is bullish in nearest term testing 1.0000 but note that we have a potential double top formation around 0.9955 as you can see on my H4 chart below which need to be clearly broken to the upside to continue the bullish scenario. Immediate support is seen around 0.9910. A clear break below that area could lead price to neutral zone in nearest term testing 0.9870 but key support remains around 0.9820 which remains a good place to buy with a tight stop loss.
Source: http://www.fxinstructor.com/blog/usdchf-daily-forecast-november-05-5
I think the trend seems to be pretty solid towards up, but of course we need to be very careful in how we manage things, as it’s one mistake that can lead into losses. I trade long term only with OctaFX broker where they have lovely swap free account option available, it is really useful and I don’t have to take tension of paying overnight charges which is what we really love and enjoy trading with and makes it all so much easier.