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USDCHF Daily Forecast: December 06

USDCHF Daily Forecast: December 06
Thursday, December 6th, 2018 @ 4:48 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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USDCHF Forecast
The USDCHF attempted to push higher yesterday slipped above 1.0005 but closed lower at 0.9976 and hit 0.9960 earlier today in Asian session. We have a bearish pin bar formation as you can see on my daily chart below suggests a potential bearish pressure. The bias is bearish in nearest term testing 0.9910 key support area which need to be clearly broken to the downside to resume the false breakout bearish scenario testing 0.9825. On the upside, a clear break above 1.0005 would invalidate the bearish pin bar scenario testing 1.0050 – 1.0095 region.


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