FOREX FORECAST FOR 9TH OF NOVEMBER, 2012.
Money and Finance

FOREX FORECAST FOR 9TH OF NOVEMBER, 2012.


Today on the 5 hour chart, the price of USD/CHF is within the channel 0.9484 and 0.9381. We are going to focus on the support level which is marked with thick black line. Currently the market is moving upwards and we are expecting a rebounce on the support level line at price level 0.9381 RECOMENDATION : Buy if the price rebound on the support level line 0.9381 and is heading upwards with a stop loss place a little below the 0.9381 support level and take profit set at 0.9484 and 0.9608. Sell if the price breaks through the support level 0.9381 and is going downwards with your stop loss place a little above the 0.9381 support line and take profit at level 0.9292 and downwards respectively. Please always use your MACD to time your entry point. And risk only 3% of your capital.




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