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CAD/CHF bulls take over after trend reversal
Looking at the monthly chart of CAD/CHF below, we see the down-sloping trend line touching 3 peaks nicely. Chances are good for prices to approach the trend-line once more. ADX is peaking, suggesting that the down-trend will reverse.
Now let us look at the weekly chart of CAD/CHF below. I have drawn a smaller trend-line sloping down. This line is broken to the upside. We also see ADX has clearly peaked at 42 and went down to 28, yet further confirmation of a trend reversal. It is clear that the …
Now let us look at the weekly chart of CAD/CHF below. I have drawn a smaller trend-line sloping down. This line is broken to the upside. We also see ADX has clearly peaked at 42 and went down to 28, yet further confirmation of a trend reversal. It is clear that the …