albert.callisto
Long

USDCNH - Price being compressed for a bullish breakout.

FX:USDCNH   U.S. Dollar/Chinese Yuan
30 0 3
Price is entering a tight area where it will be blocked by a resistive trendline (red) and supported by the oblique black trend which started in summer 2015. The triangle apex is cut in half by a support at 6.5 which is likely to be retested during March. Note that this scenario occured in Oct/Nov with a false breakout signal (a bit far from the apex of the flat bottom triangle with support @ 6.32) that retraced towards its last support before producing the real breakout.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out