An ascending channel is detected.
In case if price collapses through the support line, the resulting move could indicate extending an downtrend.
USD/CHF is bearish and en route to 0.9075.
USD/CHF: Rising Wedge
USD/CHF,
4 hours
SHORT
Jul 25
We can see that a rising wedge is spotted and the price needs a move for clear breakout confirmation.
Once price collapses through the support line, the resulting move could indicate a next move down.
USD/CHF to extend the fall to the 0.866 zone on a breach of 0.868.
USD/CHF: Descending Channel
USD/CHF,
1 day
LONG
Jan 10
There is a descending channel arising.
A descending channel is believed to be a bullish price formation that is angled down that is used to signal a further move up in case if price breaks above resistance.
A bullish push up towards the 0.86 zone is likely to happen on a breach of 0.855 as USD/CHF probes 0.855 hurdle.
USD/CHF: Descending Triangle
USD/CHF,
1 hour
LONG
May 5
A descending triangle is very close to being completed, the price lacks a next move as an indication of a breakout.
If price breaks out to the the upside, the move could predict extending an uptrend.
A bullish move to the 0.886 level is going to happen on a breach of 0.8845 as outlook for the currency pair stays positive.
USD/CHF: Falling Wedge
USD/CHF,
4 hours
LONG
Apr 25
There is a falling wedge revealed.
If price breaks through the resistance, the resulting move could signal a move up.
It is not ruled out that a bullish push up to 0.892 will happen.
USD/CHF: Descending Triangle
USD/CHF,
1 hour
LONG
Mar 18
There is a descending triangle coming out and USD/CHF demands a next strong bullish action as an information of a breakout.
If price breaks out, the move could identify the bears have run out of steam.
It is possible that a rangebound to 0.8845 will be made as extra rangebound not ruled out.
USD/CHF: Bearish Flag
USD/CHF,
1 hour
SHORT
Apr 29
There is a bearish flag occuring.
A bearish flag signals a bearish price move when price breaks down.
A rangebound towards 0.912 is a possibility as indicators favor bears.
USD/CHF: Pennant
USD/CHF,
1 day
SHORT
Jul 8
As we can see a pennant pops up.
A pennant can be thought of as a technical indicator that results in that the price to go short when price breaks through the support.
There is a probability of a further bearish push down towards 0.89 on a breach of 0.892.
USD/CHF: Ascending Channel
USD/CHF,
1 hour
SHORT
Dec 6
It looks like an ascending channel takes place and USD/CHF wants a steady move as a verification of a breakout.
An ascending channel depicts a technical chart pattern that has an upward slope that typically predicts that the price to go down in case if price breaks below support.
USD/CHF to nosedive towards 0.874 as the currency pair becomes vulnerable.
USD/CHF: Descending Triangle
USD/CHF,
1 hour
LONG
Mar 29
There is a descending triangle exposed and the price requests a next active move as a sign of a breakout.
A descending triangle tends to be a bullish price action indicator that results in the bears have run out of steam once price breaks out.
USD/CHF to prolong the growth phase to 0.902.
USD/CHF: Ascending Channel
USD/CHF,
1 hour
SHORT
Apr 11
We can see that an ascending channel emerges.
Once price breaks out, the move could indicate a countertrend succeeding the current trend.
USD/CHF to resume its downfall towards 0.906.
USD/CHF: Pennant
USD/CHF,
1 hour
LONG
Jan 15
There is a pennant forming, the price wants a more strong move to confirm pennant breakout.
A pennant describes a useful bullish chart formation that identifies a bullish price action if price breaks out to the the upside.
A further rangebound towards 0.855 is going to happen once beyond 0.854.
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USD/CHF