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CAD/CHF in ranging

In monthly chart, we can see the price has traded in ranging zone since december 2011. closely, in daily chart we can see clearly the trading zone in 0.9129 - 0.9397. The price has rebounded after touched daily resistance and now go south to reach the support level.
قراءة القصة كاملة
الترجمة الى الانجليزية اظهار الاصلي
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GBP/CHF Outlook

After reach 1.5475 on july 2012, GBP/CHF shows us bearish bias. On monthly chart, we see bearish pressure still strong and it forms long tail candle in may 2013. and now we observe on daily chart. price try to climb and bounce at 1.4750 as strong resistance. We can draw support line at 1.4518. With bearish bias in monthly chart, the price may break this level support and will be trade in 1.4250 -1.4500 with bullish trendline support.
قراءة القصة كاملة
الترجمة الى الانجليزية اظهار الاصلي