USDCHF Forecast for the week 14th April, 2014

USDCHF Forecast for the week 14th April, 2014

• New lows?
• Bullish Cypher ?

Weekly Chart

• Very Bearish Candle after market retest resistance level, 
• With the heavy momentum it will not surprise us if we break below the lows of 2014 and find the major support level as shown on the chart

Daily Chart

• Daily candle is a doji which suggest a pause on the bearish run, and more often suggest a reversal

Hourly Chart

• Identified this cypher pattern which suggest a correction
• Last few hours Price action does show some strength of the bulls
• MACD - (not shown on chart) is starting to cross

Outlook Trade opportunity

Lightly counter trade this Bullish cypher

Risk Level Medium

Tips -

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