LiteForex - Analytics


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    USD/CHF: technical analysis on 03.11.2015

    On the daily chart, the pair seems broken out and consolidated above a contracting triangle pattern that was formed at the beginning of the year. The price bounced off the upper MA of Bollinger Bands, while the bands are widening and heading up. The EMA130, EMA65 and EMA13 turned up now and the price is trading above them. The RSI is about to test its former resistance line, while the Composite is approaching its longer MA. MA’s for both indicators suggest a strength of the market. 


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