USD/CHF has recently completed the Uniform Triangle chart pattern identified by Autochartist on The daily charts. The overall Quality of this chart pattern is rated at the 5 bar level as a result of the low Initial Trend (measured at the 2 bar level), substantial Uniformity (8 bars) and lower Clarity (4 bars). The length of this chart pattern is equal to the 144 candles which - coupled with the high Uniformity - increases its visibility to the market participants and heightens the likelihood of the follow-through buying of USD/CHF in the nearest time. Both of the latest connecting points of the lower support trendline of this Triangle (points D and E on the chart below) formed when the pair reversed up from strong support area made out of the round price level 0.9000 and the 61.8% Fibonacci Retracement of the preceding sharp upward price impulse (from C to A). The pair is expected to rise further - in the direction of the Forecast Price 0.9489.
The following daily USD/CHF chart shows the aforementioned technical price levels:
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