Thursday 18 April 2013

CAD/CHF

CAD/CHF
 

This is a screen shot of 4 hours chart. The pair is tredning & making lower highs & lower lows, Linear Regression (50,1,C) is making a nice channel which shows that Phase 2 is completing supported by Stochastic (8(3),3) in overbought zone, MACD & RSI (6,C) are showing convergence.

The spread on ETX capital is about 5.5 pips which is fine for Snipers & Pivots. The pair is going in phase 1 so it will give high probable oppertunies for intra-day strategies.