USDCHF Forecast and Trade Setup for the week ending 27th June, 2014

USDCHF Forecast and Trade Setup for the week ending 27th June, 2014

Daily Chart

• Last week fell and rebounded from the support level and produced a Hammer Candle
• MACD is still in bullish territory however lines as crossed
• If prices were to break current support, our next support is at the Monthly Pivot which is also a strong support where it will be a top bottom trade setup

Hourly Chart

• Zooming into an hourly chart, we can see that prices bounced off the support
• If prices do retrace more it would be good to go long

15 Min Chart

• Looking at a 15 minute chart, i am looking at a potential trade off a confluence of three fibs as shown on the chart.

Outlook Trade opportunity

Look at 15 min chart

Risk Level LOW

Tips -

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