New Currency Time

Afternoon Dynamic Traders

Hope your all enjoying the good whether today.

I have decided this week to follow the CHF. This is a currency that I haven’t followed with you guys for a while, and thought it would be good to catch up.
To start with, I think it would be a good idea to get familiar the CHF again. We can see from the day chart below that CHF hasn’t been having a good time of late. Clearly price is in a downtrend especially with price being below the value index.

Why did price reverse?

On the day chart above I have marked out a head n shoulder pattern which helped to stop price climbing and started it’s down trend.

So what’s price been up to recently then?

This I will answer throughout the week.

Happy Trading

Richard Monnery