Weekly Market Analysis: GBP/CAD & EUR/CHF

Hello traders,

let’s hit them charts:

 

1. GBP/CAD

chart showing GBP/CAD

Last week, GBP/CAD broke a key resistance zone before the close of the market

This week, the probability of price continuing it’s bearish move, is heavily dependent on the bears breaking the minor support level. So, if Monday’s candlestick closes below the MSL, then I will be joining the bears to NPSZ 

 

2. EUR/CHF

A beautiful descending channel spotted on EUR/CHF.

The key resistance zone will test the resolve of the buyers this week. I only need to spot a reversal confirmation, before joining the bears to NPSZ.

 

What say you?

NOTE:

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