CAD CHF WEEKLY ANALYSIS ~ top forex trading system
CHF LOOKS SET TO CONTINUE GAINS VS CAD
There is a very strong possibility that the current downtrend on the CAD CHF will continue over the next few days. The Weekly Chart shows the downtrend still in place, with the currency still below both the Inner and Outer Downtrend Lines.
WEEKLY CHART
Supporting this expected move is the setup on the Daily Chart. Within the last few weeks, there has been a break of two uptrend lines. If this is followed by a break from the consolidation setup just below one of these uptrend lines, then the start of the downtrend would be confirmed.
DAILY CHART
Once this trend begins, the first major target to be hit would be the Support area at 0,7805, 200 Pips away from the current price.
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Duane Shepherd
(M.Sc. Economics, B.Sc. Management and Economics)
Currency Analyst/Trader
Contact: shepherdduane@gmail.com
Twitter: @WorldWide876
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