Currency pair USD CHF forex trading has finished the week at 0.9781. As you can see, the pair quotes are traded fully in line with expectations and were able to show significant growth due to mining bullish wave pattern Wolfe. we continue to keep buying the currency pair and look forward to test the upper boundary of the triangle model.
Forecast FOREX USD CHF 29 August, 2016 — 2 September, 2016
However, on the next trading week has the potential to generate forex inverted head and shoulders pattern that points to the breakdown of the top border and the continued growth of quotations USD CHF. Cancellation option to continue the Dollar Franc growth will be a drop in prices below the level of 0.95, which points to a continuation of the fall. Also pay attention to the downward trend line on the indicator of relative strength, which suggests the potential for continued growth to test this resistance line.
Forecast FOREX USD CHF 29 August, 2016 — 2 September, 2016 suggests an attempt to increase the upper limit of the model triangle with the probability of breakdown it up.
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