GBP/NZD 4H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 30, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/CHF 4H Chart: Triangle Comment: USD/CHF is currently consolidating after a decline as a result of the pair testing 1.0320. Since a triangle is a continuation pattern, a close beneath the up-trend and a follow-up sell-off to 0.96 is considered to be more likely than a break-out to the upside. Another strong bearish argument is the fact that the rate has broken through the long-term SMA. However, we must admit that there are also plenty of reasons to be bullish. For example, while the

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