USD/CHF has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 3 days and suggests a possible target level to be around 0.9343 within the next 19 hours.
Related Posts
A possible move on AUDJPY as it heads towards support
Emerging Descending Triangle detected on AUDJPY – the pattern is an emerging one and has not yet broken…
Will EURCAD break through the support level it tested before?
EURCAD is moving towards a key support level at 1.4837. This is a previously tested level for EURCAD.…
EURGBP – It’s perhaps in these huge moves where the greatest opportunity lies
Those of you that are trend followers are probably eagerly watching EURGBP to see if its latest 0.32%…