For Traders

Analytical Reviews

Technical analysis

02.06.202117:11 Forex Analysis & Reviews: USD/CHF Triangle Trading

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

USD/CHF is moving sideways in the short term after jumping above the downtrend line. Escaping from this triangle could bring a great trading opportunity. An upside breakout followed by an increase above 0.9041 high could signal a potential upside reversal.

On the other hand, a downside breakout from this pattern and dropping under 0.8934 lower low could really indicate that the pair may resume its downside movement.

Trading Conclusion!

Right now we don't have a trading opportunity as long as the price stays within this pattern, formation. An upside breakout could bring a buying opportunity while a downside breakout could signal a larger decline.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.