EURUSD and USDCHF bollinger bands came very close. So I am expecting a break out may occur. Check the following pictures. The following are EURUSD and USDCHF hourly graphs. The bollinger bands are converged. So I am expecting a breakout soon.

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EURUSD hourly chart:

eurusd bollinger bands

USDCHF hourly chart:

usdchf bollinger bands

The following is the 4 hr graph for AUDCHF. If you observe the graph there was a support line which was broken earlier. Now the chart has retraced back to the earlier support line. This may now act as the resistance line. In addition the following are also favorable conditions for a short trade.

1) CCI has reached above 100 which is an overbought region.

2) Stochastics has reached above 80 which is over bought region.

Now if strong bearish candlestick is formed in the four hour chart and if the CCI and Stochastics cross below the overbought regions I think its a good opportunity for a short trade. What do you guys say?

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AUDCHF four hour graph:

AUDCHF reached the resistance line and moreover both CCI and stochastics reached the overbought regions

The following is the GBPCAD 4 hr chart. If you check the graph you can see a support line (trend line). The support line is broken in the four hour graph and it retraced back to to the support line and it looks like now the support is acting as a resistance and exactly at the resistance lie a bearish candlestick formation is happened. I think it’s a good opprotunity for this currency pair to enter a short trade. What do you guys say?

The following are the pictures of GBPCAD 4 hr charts. The first one is zoomed out to show the whole picture. The second one is a little zoomed in to show some what bigger picture.

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GBPCAD four hour zoomed out picture:

GBPCAD four hour chart zoomed out

GBPCAD four hour chart bigger picture:

GBPCAD fourhour chart bigger picture

Also observe the daily chart. In the daily chart also there is support line which was broken.

GBPCAD Daily Chart:

GBPCAD daily chart