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Chart Of The Day: Symmetrical Triangle Confines USDCHF Moves

Discussion in 'Technical Analysis' started by Kaitlin, Dec 29, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Incapacity to sustain the five year highs, marked during late-November, pulled the USDCHF towards sub-1.0000 area; however, 0.9800 mark stopped the pair's further downside, favoring gradual improvement, as indicated by the short-term ascending trend-line while descending trend-line resistance, connecting December highs, restricts its up-move and portrays "symmetrical triangle" formation on[​IMG]

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