USD/SEK 4H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A 228-bar long triangle is moving to its apex and soon we would see a breakout in any direction. In theory, just before the breakout, the volume should go down significantly, while the moment of penetration of any of the trend line is usually followed by a hike in trading volumes. While aggregate technical indicators on three different timeframes are sending mixed signals, the market sentiment is strongly bullish (75%), the short term outlook is bullish. Anyway, not later than in 3 days the pair is likely to perform a breakout, which in turn would be followed by some significant movements.
© Dukascopy Bank SA
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