Will the Ascending Triangle hold or fail? Plot your targets on the chart.
Bullish continuation pattern.
Gradual reversal from bearish to bullish.
Consolidation. Can break either way.
Market participants tracking /USDCHF should note the latest formation. With a last close of $0.8, volatility remains active (0.69%). Algorithmically, a Rounding Bottom structure has completed. Volume is average (1.0x avg) with moderate trend strength (21.5). A potential breakout level is identified at $0.8, targeting $0.85 with support near $0.78 (R:R 2.0).
What is your outlook on USD/CHF?