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Orion-Markets

CADCHF re-test to be followed by further downside?

Short
Canadian Dollar/Swiss Franc (FX:CADCHF)  
Orion-Markets  
FX:CADCHF   Canadian Dollar/Swiss Franc
Trend Analysis Head and Shoulders Technical Indicators CADCHF trading profit Technical Analysis currency Forex forexsignals
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trendanalysis headandshoulders indicator cadchf trading profit technicalanalysis currency forex forexsignals
CADCHF posted a bearish head and shoulders at the top of the daily downward trend and continued lower to break the neckline. The pair has now pulled back to re-test this level and we are now expecting further downward price action towards the lower range boundary. RSI and Stochastic indicators suggest an over bought market.
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