USDCHF Outlook for the week 27th - 31st Jan, 2014

USDCHF Outlook for the week 27th - 31st Jan, 2014

Daily Chart

• Our bias for this week is bullish as we had rejected the monthly pivot, which also is confluence level of 61.8 fib back
• Descending Trendline was broken (not shown on chart), however fell back into it slightly after Last Thursdays big candle

Hourly Chart

• On the hourly chart, price action is moving upwards, (slowly)
• Although bias is bullish for the week, i have a short trade as shown on chart

Outlook Trade opportunity

Please see H1 Chart

Risk Level LOW

Tips -

Always take note of any economical news event on our provided calender below