GBP/USD 1H Chart Emerging Pattern: Ascending Triangle

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GBP/CHF 1H Chart

Emerging Pattern: Channel Down

Within the last 185 trading hours GBP/CHF has managed to penetrate the 200-bar SMA and form a Channel Down. At the moment the currency pair is in the upper part of the corridor, meaning that the Sterling is likely to lose value against the Swiss Franc in the near future. However, traders’ sentiment towards the pair is currently neutral.

GBPCHF

GBP/USD 1H Chart

Emerging Pattern: Ascending Triangle

A sharp rally from a low of 1.5034 and through the 200-bay SMA has encountered an impenetrable resistance level at 1.5354, leading to the appearance of the Ascending Triangle pattern on a 1H chart. Still, the technical indicators and positioning of the SWFX marketplace participants favour continuation of the surge.

GBPUSD

EUR/NOK 1H Chart

Emerging Pattern: Channel Up

Being unable to push through a support at 7.4395, the currency pair changed its direction 57 bars ago and is now trading in an upward-sloping channel. Near-term technical studies and 59% of traders suggest that Euro’s appreciation is to carry on, though the price is probably going to re-test a rising trend-line at 7.4935 first.

EURNOK