# USDCHF Ascending Triangle Pattern (Dec 1, 2014) Source: https://www.tradersway.com/resources/market-info/usdchf-ascending-triangle-pattern-dec-1-2014/ Language: en Updated: 2014-12-01 Description: Explore USDCHF Ascending Triangle Pattern (Dec 1, 2014). The. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. The rejection of the Swiss gold initiative led to a bounce off the bottom of the ascending triangle on USD/CHF’s 4-hour forex chart. Price is now on its way to test the resistance of the chart pattern around the .9700 major psychological mark. An upside break could lead to a rally of as much as 300 pips, which is the same height as the chart pattern. However, if the top of the triangle still holds as resistance, price could make another test of the bottom. A downside break might similarly lead to a selloff of roughly 300 pips. The path of least resistance is to the upside though, as the “No” vote on the gold initiative means that the SNB can still afford to ease monetary policy or intervene in the currency market if necessary. Remember that the central bank is inclined to keep the franc weak in order to retain competitiveness in international trade and to ward off deflationary pressures in Switzerland. ![USDCHF Ascending Triangle Pattern (Dec 1, 2014)] Meanwhile, the US dollar is still strongly supported by good fundamentals, especially if this week’s set of reports come in strong. Traders might price in expectations ahead of the NFP release as soon as the leading indicators, such as the ISM PMIs and ADP employment figures are released. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/usdchf-ascending-triangle-pattern-dec-1-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/usdchf-ascending-triangle-pattern-dec-1-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/usdchf-ascending-triangle-pattern-dec-1-2014/", "headline": "USDCHF Ascending Triangle Pattern (Dec 1, 2014)", "inLanguage": "en", "datePublished": "2014-12-01T06:47:22+00:00", "dateModified": "2014-12-01T06:47:22+00:00", "articleSection": "Market Info", "description": "Explore USDCHF Ascending Triangle Pattern (Dec 1, 2014). The. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding.", "image": { "@type": "ImageObject", "url": "https://www.tradersway.com/wp-content/themes/tradersway/images/og-default.png" }, "author": { "@type": "Organization", "@id": "https://www.tradersway.com/#organization" }, "publisher": { "@id": "https://www.tradersway.com/#organization" } }, { "@type": [ "Organization", "FinancialService" ], "@id": "https://www.tradersway.com/#organization", "name": "Trader's Way", "alternateName": "TradersWay", "legalName": "TW Corp LLC", "description": "Trader's Way is the trading brand of TW Corp LLC, a company registered in Anguilla under number A000001731. It provides online leveraged trading in forex, metals, energies, stock indices and cryptocurrencies through MetaTrader 4, MetaTrader 5 and cTrader, with Market execution, a 40% stop out level and a minimum initial deposit of 10 USD. The company holds no financial services licence and does not direct its services to residents of the United States or the United Kingdom.", "url": "https://www.tradersway.com", "foundingDate": "2011", "logo": { "@type": "ImageObject", "url": "https://www.tradersway.com/wp-content/themes/tradersway/images/logo-square-512.png" }, "address": { "@type": "PostalAddress", "streetAddress": "No. 9 Cassius Webster Building, Grace Complex", "postOfficeBoxNumber": "1330", "addressLocality": "The Valley", "postalCode": "AI-2640", "addressCountry": "AI" }, "contactPoint": { "@type": "ContactPoint", "contactType": "customer support", "email": "support@tradersway.com" }, "areaServed": "Worldwide, excluding the United States and the United Kingdom", "knowsAbout": [ "Foreign exchange trading", "Contracts for difference", "Leveraged trading", "Precious metals trading", "Energy commodities trading", "Stock index trading", "Cryptocurrency trading", "MetaTrader 4", "MetaTrader 5", "cTrader" ], "sameAs": [ "https://www.trustpilot.com/review/www.tradersway.com", "https://www.forexpeacearmy.com/forex-reviews/8129/tradersway-forex-brokers", "https://www.youtube.com/channel/UChRC072YJGlNNNYhg_0hZeA", "https://www.facebook.com/tradersway.forex.broker", "https://twitter.com/TradersWay", "https://www.instagram.com/traderswayforex/", "https://t.me/tw_eng" ], "identifier": { "@type": "PropertyValue", "propertyID": "Anguilla company registration number", "value": "A000001731" }, "location": { "@type": "Place", "address": { "@type": "PostalAddress", "streetAddress": "Radnicka 147", "addressLocality": "Valjevo", "postalCode": "14000", "addressCountry": "RS" } } }, { "@type": "WebSite", "@id": "https://www.tradersway.com/#website", "url": "https://www.tradersway.com", "name": "Trader's Way", "publisher": { "@id": "https://www.tradersway.com/#organization" } }, { "@type": "BreadcrumbList", "@id": "https://www.tradersway.com/resources/market-info/usdchf-ascending-triangle-pattern-dec-1-2014/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://www.tradersway.com/" }, { "@type": "ListItem", "position": 2, "name": "Resources", "item": "https://www.tradersway.com/resources/" }, { "@type": "ListItem", "position": 3, "name": "Market Info", "item": "https://www.tradersway.com/resources/market-info/" }, { "@type": "ListItem", "position": 4, "name": "USDCHF Ascending Triangle Pattern (Dec 1, 2014)", "item": "https://www.tradersway.com/resources/market-info/usdchf-ascending-triangle-pattern-dec-1-2014/" } ] } ] } ``` ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Person", "@id": "https://www.tradersway.com/#wayne-mcdonell", "name": "Wayne McDonell", "jobTitle": "Chief FX Strategist", "description": "Chief FX Strategist at Trader's Way, trading forex publicly since 2004. His analysis has appeared in the Wall Street Journal, Bloomberg Television, Fox Business, Futures Magazine and FOREX Journal Magazine. Author of \"Strategic and Tactical Forex Trading\".", "worksFor": { "@id": "https://www.tradersway.com/#organization" }, "knowsAbout": [ "Foreign exchange market", "Technical analysis", "Fundamental analysis", "Forex trading strategy" ], "sameAs": [ "https://www.youtube.com/c/tradersway" ] }, { "@id": "https://www.tradersway.com/#organization", "employee": { "@id": "https://www.tradersway.com/#wayne-mcdonell" } } ] } ```