Sunday, April 13, 2008

USD/CHF

USD/CHF Daily Chart

USD/CHF H1 Chart

A very nice and defined symmetrical triangle has formed on the daily chart, with prices still in the middle, it has been sideways for quite some time now. Similarly to the other currencies, it broke to the downside a couple of days ago, but slipped back into the wedge, thus forming a new support line for the triangle.

Hourly chart shows a similar movement to the USD/JPY. Again, it didn't managed to form a higher high, and it has now gone sideways. Last couple of days have been pretty volatile for most of the pairs, so trade with caution.


No comments: