The long-term support line formed at a weekly timeframe chart of the EUR/CHF currency pair now holds even more strength as the price has shown a very interesting trend consolidation pattern during several last weeks. As you can see on the chart the currency pair remain in a fading bearish downtrend with each new…
The weekly chart of EUR/CHF currency pair is showing a rather rare pattern — a horizontal channel formed by the support and resistance levels. The support level is a double bottom with two lines close to one another. The bearish breakout through such support level can be a very strong signal. EUR/CHF…
Not many U.S. traders are interested in the chart pattern analysis today after the 4th July holiday, but I hope there are those that will find some application for these new patterns that I’ve plotted for my own use. Again, only two patterns this…
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