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USD/CHF Chart Pattern on Weekly Timeframe

August 9, 2009 by

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.

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