EvanJones

EvanJones

A nice triangle range has been forming over the last week or so meaning that a potential breakout is on the cards. My view would be the overall trend is Bullish so a breakout to the top side is more likely. The use of pending orders either side of the triangle can catch which ever way the CADCHF decides to go?

EvanJones

The last forming shoulder looks to confirm the right hand shoulder which would imply a drop equal to the height of the head. Support for the arguement would be that the Euro is much weaker against the gaining Canadian Dollar and there I would expect a fall in this. Also, looking at the Committement of Traders release, there is evidence that more support is in...