USDCHF Forecast for the week 14th April, 2014
- New lows?
- Bullish Cypher ?
- 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 candle is a doji which suggest a pause on the bearish run, and more often suggest a reversal
- 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