Potential Trade Set-ups For The Week Ahead (Dec 12) |
posted 19:03 12/11/11
Despite some action on the FX market in the past week, provided by the ECB rate decision and EU summitmost of the major pairs remained trapped in a range, sideways market. As such, we decided to take look on some FX crosses, such as Eur/Chf and Eur/Aud for potential trade set-ups.
We will pay a very close action to Eur/Chf, which is forming a very nice clean triangle pattern from where we expect a bullish breakout in the coming week. We know that SNB will do everything possible to prevent any gains of the Swiss franc, and if we aso consider the euro zone's latest plan to solve its debt crisis, then this should be supportive for the Eur/Chf! Click on the video below for a technical analysis, which also includes Eur/Usd and S&P500.
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We are providing technical analyzes for the financial markets and how they behave based on the Elliott Wave Principle. The Elliott Wave Principle gives you a method for identifying at what points a market is most likely to turn. And that, in turn, gives you...
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