The USD / CHF pair rose significantly on Friday 5/06/2020. The pair is currently forming technical models that support the rise in the coming period. The first model is an existing widening triangle, and the second model is Adam and Eve, which matches the neckline of the model with the upper side of the widening triangle pattern at 0.9650.
The pair was able to breakout the last high at 0.9618, which supports the bullish hypothesis in the coming period.
The targets are respectively the downtrend for almost 4 hours at 0.9696,
The second target after confirming the breakout of the trend towards 0.9750.
Analysis fails to close the cam clock candle below the widened triangle pattern
The pair was able to breakout the last high at 0.9618, which supports the bullish hypothesis in the coming period.
The targets are respectively the downtrend for almost 4 hours at 0.9696,
The second target after confirming the breakout of the trend towards 0.9750.
Analysis fails to close the cam clock candle below the widened triangle pattern