USD/HKD 4H Chart: Triangle

Source: Dukascopy Bank SA
© Dukascopy Bank SA
Although USD/HKD has surpassed the upper limit of the pattern for several times, all these attempts to break through the 92-bar long triangle proved to be unsuccessful.
At the moment of writing, the currency couple was faltering relatively close to the apex, solidifying the view that we will see a breakout in the nearest future. Meanwhile, analysis of technical signals shows that indicators are mostly neutral on the forthcoming movements of the currency pair.
© Dukascopy Bank SA
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