Some weekly candles – EURUSD, EURGBP, USDCHF, GBPUSD, GBPCHF

Some interesting developments on the candlestick side. In the gallery is a snapshot of those currencies which are showing a slight change in a momentum. It is weekly candles so bit more meaningful for candlestick analysis. As you can see both EURUSD and USDCHF(both very highly correlated) show that the direction is running out of steam at we might experience some retracement. I have been talking about EURO rebound quite a lot lately but still waiting for some improvement from COT side. Other currency is GBP. GBPUSD and GBPCHF has formed the hammer which is also possibility for at least retracement. Since the size of the time frame we all have the luxurious commodity to decide: TIME. So take your time :-]