USD/CHF has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true, we may see the price of USD/CHF testing 0.9324 within the next 8 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any action.
Related Posts
AUDUSD moves lower to 0.59866 in the last 22 days.
A movement of 6.18% over 22 days on AUDUSD doesn’t go unnoticed. You may start considering where it’s…
Supports and resistances are primary concepts of technical analysis. GBPUSD is heading for an important price of 1.2950 – read about what this could mean for the future.
GBPUSD is about to retest a key horizontal resistance level near 1.2950. It has tested this level 7…
After testing resistance twice in the past, EURJPY has finally broken through. Can we expect a bullish trend to follow?
You would be well advised to confirm the breakout that has just occurred – do you believe the…