USD/CHF: franc has drawn a triangle

USD/CHF: franc has drawn a triangle


BUY 0.9745 SL 0.969

TP 0.9845, SELL 0.965

SL 0.9705 TP 0.9585

On the daily chart, USD/CHF keeps forming the “Dragon” pattern. Renewal of September high will allow to expect process growth towards the curl of the Dragon’s tail and the upper border of the descending trend channel.


On H1, USD/CHF formed a triangle. A successful test of its upper border and resistance at 0.9745 will increase the odds of the rally’s continuation. On the other hand, a break below the triangle’s lower border, the uptrend channel, and support at 0.9650 will trigger a correction.




Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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