empty
 
 
07.03.2022 10:02 PM
USD/CHF symmetrical triangle to explode soon

This image is no longer relevant

USD/CHF Sideways Movement!

The USD/CHF pair is moving somehow in range. It's located at 0.9256 at the time of writing, right below the downtrend line which represents an upside obstacle. The price registered strong growth after testing and retesting the uptrend line.

As you already know from my previous analysis, only stabilizing below the uptrend line and dropping below the 0.9164 former low would have confirmed a larger drop. Technically, escaping from the current sideways movement, from the triangle pattern could bring great trading opportunities.

USD/CHF Trading Conclusion!

The USD/CHF pair could develop a larger growth if it passes above the downtrend line and if it jumps above 0.9278 former high. This scenario could bring new buying opportunities.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2025
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback