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CAD/CHF 1H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 5, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    GBP/USD 4H Chart: Broadening Falling Wedge Comment: The overall outlook for the GBP/USD pair is bullish, even though technical studies in the long-term are unable to confirm this. The pair formed a falling wedge pattern since the beginning of 2016, which mostly implies a breakout to the upside. However, because the wedge is broadening, there is still room for a decline, just as technical indicators suggest. The first target is the March 16 low at 1.4051, which is somewhat reinforced by the

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