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As you can see from the charts, market currently respects downward sloping line and and support at 0,8410 and if they keep it that way market could behave like I have drawn. Purely technical analysis. Pictures says it all
Paulito's Blog
Solid S/r on AUD/CAD
Pair AUD/CAD formed a nice channel in past few weeks. 6 Weeks is a long haul but market could respect those S/R and trying to bounce a few times with the market should be profitable strategy here. Overall trend is up, so we could end up in the 2/3 of the channel and it is 1.0655 which is my guess.1st one is daily2nd one is weekly
EUR/CHF Triangle
This pair stays not volatile for a while and what a nice triangle was formed here.It is pretty difficult to predict price 6 weeks in advance but with this pair possibility that it stays in the triangle for a while before breakout (probably to downside) is pretty not low :-) I would say. That is why I think 1.2165 is a viable guess.Daily:4Hour chart:
USD/HKD Stays in the Range
This is my point of view what is going to happen in 6 weeks on USD/HKDThis pair stays in a nice range for 4 weeks. It is not overly volatile and I think it going to stay that way.The trend is to the upside and so if it stays in the range it should end up at resistance. That is whyI think 7.7640 is a good place to start this new contest. Weekly
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