USDCHF Skewed Triangle Completion! – Orbex Forex Trading Blog
In the long term, the USDCHF pair is building a primary corrective triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The final wave Ⓩ is under development and could end in the form of a standard intermediate zigzag (A)-(B)-(C). Wave (A) is a 5-wave bearish impulse, and wave (B) is a skewed triangle that looks finished. Usually, after the end […]
USA30 : Triangle Pattern Signals End of Rally?
USA30, DAILY The US stock indexes and the Russell 2000 have all advanced significantly since the start of the year, signaling optimism for American equities, but how long will that last? Some analysts think stock indexes will continue to rise in the coming months and the recovery will accelerate, but the pressure on consumers from […]
Ascending Triangle Pattern: How to Identify and Trade Guide
2023.01.24 2023.01.24 Ascending Triangle Chart Pattern: Definition, How to Trade it Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ The ascending triangle chart pattern came to us from Western technical analysis. The formation of an ascending triangle pattern on the chart warns traders of an imminent upward impulse breakout. The pattern is characterized by “squeezing” the price from below. That is, […]
Expects volatility contraction amid Ascending Triangle formation
A recovery in investors’ risk appetite has led to a correction in USD/JPY. The volatility is contracting amid an Ascending Triangle formation. The 21-EMA is continuously providing support to the US Dollar. The USD/JPY pair has corrected gradually to near 130.15 after printing a fresh three-day high at 130.89 on Monday. The asset has corrected […]
Dribbles inside weekly triangle below 0.6400
NZD/USD remains sidelined inside a short-term symmetrical triangle formation. Sustained trading beyond the key HMAs, steady RSI favor buyers. Sellers need to break 0.6190 to dominate further. NZD/USD makes rounds to 0.6370-75 during early Wednesday, after snapping a two-day uptrend near a monthly top the previous day. In doing so, the Kiwi pair remains inside […]