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martes, 19 de abril de 2011

The couple GBP/CHF in a stage of high indecision.



The couple GBP/CHF in the last four days (April 13, 14,15 and 18) has registered a low volatility, which can observe with four candles type Doji that have been formed in these dates.

In addition, the pound sterling has seen his fall stopped with regard to the Swiss Franc in the level of 61.8 % of Fibonaci's setbacks that appear in yellow color in the attached graph (from 1.41692 to 1.51804).


Four candles Doji that they have formed consecutivly, indicate a great indecision of the Market to us with regard to this couple of Currencies.

Everything indicates that without economic news on the part of Switzerland during this week, the market expecting to know the information of the Retail Sales of England, which will be announced next Thursday at 10:30 a.m. (GMT + 1:00).

While this moment comes, the GBP/CHF will continues showing a low volatility.