Watch the latest analysis of the USD/CHF, USD/HUF Forex pairs for the January 27th in this video. USD/CHF — On Thursday session the pair reached the 0.9200 handle and formed a hammer candle on the daily chart. This is seen as a excellent buy signal. A break of the top of this hammer candle has its buying and this pair retesting the 0.9600 signal. A break of the lows of this hammer candle would have concerned about the Dollar strength and is seen as a signal to sell and this pair reaching the 0.9000 level. A bounce from here is wouldn’t be surprising and we have got a decent support here based upon the cluster previously and as such we feel that this is a upward biased pair in the long term. USD/HUF — This isn’t pair most people talk about. However, with Hungary being the epicenter of massive debt concerns in Europe as a whole — this pair is worth watching. Looking at the Fibonacci in the daily chart, we are at the 50% retracement at 223.00 level. This is seen as fairly significant level with hammer formed in the daily chart and this looks like Dollar could be strong again. The reason to bring this chart into consideration is that it is a good way to judge Europe, as the Hungarian Forint is right there when you look at the ugliest currency. A break on the top of this hammer candle we will be going long for this pair.

Posted on Forex Video Zone.