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Another ascending triangle pattern can be easily seen on the EUR/CHF daily chart, unlike the one of the EUR/CAD chart, this one is actually continuing the previous bullish trend. The problem with this pattern is the fact that the latest lower border point is formed by the low of the latest …

The Swiss National Bank has announced a minimal level of the national currency (Swiss franc) relative to the euro almost a week ago. During these 4 and a half days of trading, the EUR/CHF rate moved in a range slightly above 1.2 level — between 1.2009 and 1.2185, which is within 1.5% of the target …

As you all probably know already, the Swiss National Bank (country’s central bank) has pegged the Swiss franc’s Forex rate to the euro at about 1.20. The Swiss financial authorities got tired with their inability to weaken the currency using less drastic measures (classical currency interventions) and have just …

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 …