Posted on May 28, 2009 at 1:41 in Uncategorized by Ross YamashitaNo Comments »

Here is a CHF analysis before the opening of the European session.

CAD/CHF

Looking at the CAD/CHF daily chart, it looks like we’re forming a potential Ending Diagonal.

In the shorter-term, look for a trade up - which looks to be verified by the shorter term charts. After the currency pair tops out, look for a sharp movement down.

For shorter term trading, be sure to look at your shorter term charts. Check your announcements and use apply your money management.

Good luck in the London session and we’ll see everyone again for the NY session.