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USDCHF Daily Forecast: January 08

USDCHF Daily Forecast: January 08
Tuesday, January 8th, 2019 @ 3:37 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 had a bearish momentum yesterday bottomed at 0.9787. Price slipped below the lower line of the bearish channel as you can see on my H4 chart below suggests a strong bearish momentum. The bias remains bearish in nearest term testing 0.9750 area. Immediate resistance is seen around 0.9850. A clear break above that area could lead price to neutral zone in nearest term but as long as stay inside the bearish channel I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

usdchfh4

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