USD/SEK 4H Chart: Ascending Triangle

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 1, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EUR/CHF 4H Chart: Channel Up Comment: Although the quality of the pattern is poor, there is a high chance of EUR/CHF developing the ascending channel further. First, the currency pair is facing a solid demand area around 1.0840, created by the weekly S1, monthly PP, up-trend, and 200-period SMA. Secondly, the single currency is oversold, being that 72% of open positions are short, and therefore there is not much room for new bears to enter the market. At the same time, even though the signals

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