USD/CHF 1H Chart: Ascending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/CHF started to shape an ascending triangle pattern on November 6; the pattern was 76-bar long at 6 a.m. GMT, November 12. At that moment, the pair was vacillating close to the pattern's support. In fact, USD/CHF has recently attempted to breach this support but it remained below this mark only during three hours. Having bounced off the pattern's support, the instrument may continue appreciating, given that 62.99% of market players are bullish on the pair. Meanwhile, technical indicators bolster traders' opinion, sending bullish signals for short, medium and long terms.
© Dukascopy Bank SA
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