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USDCHF Daily Forecast: October 18

USDCHF Daily Forecast: October 18
Tuesday, October 18th, 2016 @ 3:15 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 was indecisive yesterday. The bias is neutral in nearest term. As you can see on my H4 chart below price is still in my “sell zone” with a tight stop loss above 0.9950. Immediate support is seen around 0.9850. A clear break and daily close below that area could trigger further bearish pressure testing 0.9800 or lower. Overall I remain neutral.

usdchfh4

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