IllusiveShroud

IllusiveShroud

On the Weekly chart, the CAD has been progressively falling against the CHF from around 11 SEP 2017 in a choppy but progressive manner. The bearish resistance trend line has been a strong point throughout this time and hasn't been broken in a strong manner. Moving towards the daily chart, price has recently rejected the swing high of the resistance trendline and...

IllusiveShroud Updated 

After a bearish move succeeding a head and shoulders pattern on GBPUSD, price has moved back into the important zone where bears have pushed it down into the support area. There may be some bullish momentum in the next week as bulls push price up towards the resistance. Maybe even towards the recent head in order to form a double top. In the longterm, my outlook...

IllusiveShroud Updated 

After the shrp decline of USDCHF yesterday price is beginning to pull back. I believe price will make a move towards recent resistance before a consolidation and a retest.

IllusiveShroud

After a strong rally upwards, The 1.0000 parity level looming closer has proved to be a major psychological level for USDCHF. Last week the support trendline was broken and retested before a bearish move from the pair. Bears may continue to push the pair further down to the support zone before buying pressure kicks in.