FOREX FORECAST FOR 24TH OF OCTOBER, 2012.
Money and Finance

FOREX FORECAST FOR 24TH OF OCTOBER, 2012.


Today on the 1 hour chart, the price of USD/CHF is within the channel marked with thick black line. Currently the market is retracing and we are expecting a rebounds at price level 0.9288 (support level). 
RECOMENDATION : Buy if the price rebounce on the support level line 0.9288 and is heading upwards with a stop loss place a little below the 0.9288 support level and take profit set at 0.9342 and 0.9371 respectively.
Sell if the price break the support level 0.9288 and is going downwards with your stop loss place a little above the 0.9288 support line and take profit at level 0.9251. Please always use your MACD to time your entry point. And risk only 3% of your capital. 





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