Daily Forex Update: USD/CHF

От: Дима Chernovolov

USD/CHF continues to rise inside the uniform Triangle chart pattern which was previously identified by Autochartist on the daily charts. Общее Качество этой фигуры измеряется Autochartist на 3 bar level – which reflects below-average Initial Trend (4 брусья) and higher Uniformity (6 брусья). Higher Uniformity reflects the even distribution of the reversal pivots on which this Triangle is based – which increases the visibility of this chart pattern to the market participants.


As is visible from the following PowerStats chart – the upper boundary of the daily Price Range calculated by Autochartist for this currency pair (0.9836) stands near the upper resistance trendline of this Triangle – which adds to the probability USD/CHF will continue to rise inside this Triangle.27062016dailyfximage2

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