Batwoman_CH

Batwoman_CH

A break out would not be too positive for markets.....

Batwoman_CH

Is it forming a Head and Shoulder?

Batwoman_CH

Here again it is trying to break out on the negative side, should be confirmed by a close below at week ends

Batwoman_CH

It looks like the USDCHF is breaking the triangle on the negative side, letting to thing that bigger movements can be expected. The only thing that perplexes me a bit is that the exit point would be very near to the tip, making it a less strong signal

Batwoman_CH

Friday we had a close below the long term support (positive trend since appearance of the Euro). On the monthly it is not confirmed yet, but it looks like today on the weekly is doing a pullback on the broken line before testing the downwards channel support (1.0280 area).

Batwoman_CH

And here the daily view. I hope it helps.

Batwoman_CH

The same view on the weekly.... strong support area at the 1.0650 area. It may go lower on a daily basis, but I am not expecting a close below on a weekly or monthly basis.

Batwoman_CH

I think we are approaching a very strong support, very little room left on the downside