The Chart of the Day

Chart of the Day for 21/4/2005

forex-chart-210405.jpg
 
I expect USD/CHFto break the support early nextweek, as on daily chart the momentum upward seems weaken.
 
20 ma contains majority of price

Fxstreet.com said:

Not that I use ma's to initiate trades but have you noticed how useful the 20 ma is on your charts?
 
channel breakout

Here is a straightforward breakout from a channel:
 

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Do you have any thoughts on the GBP/USD. I see you posted some charts earlier about it - just wondering what your current thoughts were.
 
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