USDCHF is trading in the wedge for quite a long but as USD is getting stronger. While the price is above the support 0.9180, the beginning of uptrend is expected.Before we make sure when the resistance at 0.9900 breaks. If the support at 0.9180 is broken, the short-term forecast we will not enter the uptrend. So confirmation is compulsory before we enter a trade.
The symmetrical triangle is in shape and as a continuation pattern suggests we will soon see another leg higher if price breaks and closes above the downtrend line of the triangle. A peak is a point is at 0.9783, so more losses to major Support 0.9180 is expected.
The symmetrical triangle is in shape and as a continuation pattern suggests we will soon see another leg higher if price breaks and closes above the downtrend line of the triangle. A peak is a point is at 0.9783, so more losses to major Support 0.9180 is expected.