Top Menu

Feedburner

Right-Side Top Menu

Forex Blog
My Forex experience and some Forex related information that might be useful to other traders

USD/CHF Chart Pattern on Weekly Timeframe

August 9th, 2009

A rather awkward version of a descending triangle pattern has formed on the USD/CHF weekly chart. It begins with a huge fall in October 2008 (when the global financial crisis began) and is currently coming close to its end with the range of a price change narrowing down from above. This is probably a continuation pattern that will result in a bearish breakout. Click on the image to get a larger picture:

USD/CHF, Weekly, Descending Triangle, 2009-08-08

If you have any questions or comments regarding this USD/CHF chart pattern, please, feel free to reply below.



Leave a Reply

required
required (will not be published)
optional

Want to get a bonus? Get Forex Bonus!