USDCHF: Ascending triangle with bullish signals
This ascending triangle is significant here. As we know, this is a bullish signal.
The price came down from the 0.929 level. Then it started to form this ascending triangle. As we can see, the Bollinger Bands already started to go up since the beginning of the triangle. Also, the channel shrunk a little bit, which could indicate some changes in the price.
The MACD is still going up, which could also support the ascending triangle.
Once the Bollinger Bands go broad again, the price could break out from the upper band.
Let’s expect the price to go up.
The price came down from the 0.929 level. Then it started to form this ascending triangle. As we can see, the Bollinger Bands already started to go up since the beginning of the triangle. Also, the channel shrunk a little bit, which could indicate some changes in the price.
The MACD is still going up, which could also support the ascending triangle.
Once the Bollinger Bands go broad again, the price could break out from the upper band.
Let’s expect the price to go up.