The CHFJPY pair will be continuing to be bearish, as RSI has been under 50 since mid of 2015 and now 42. Will be trading short at RESISTANCE level on shorter trading times. All EMA's are above current prices and do not expect anything to change this into 2017. The fib. retracement indicator overlaid on chart has PA right above 0.618 level (or noted 101.499), which is always a CRUCIAL level if pair is going to do do a reversal bullish pattern. If PA does break this noted level of 101.500 to downside, will continue on. This what I expect this pair to do for remainder of year.
I expect this pair to actually do a 100% fib. retracement back to noted level of 78.368 (look left) next year/2017. Wishing everyone great health and wealth (work in progress for me).
I expect this pair to actually do a 100% fib. retracement back to noted level of 78.368 (look left) next year/2017. Wishing everyone great health and wealth (work in progress for me).
