The price completes an ascending channel and the price is close to breaking out soon.
An ascending channel often spots the more likely potential of falling prices when price breaks out to the the downside.
Decline towards 0.9 is possible on a break below 0.905.
USD/CHF: Rising Wedge
USD/CHF,
1 hour
SHORT
May 2
A rising wedge is very close to being completed and the price is ready to break out.
Once price breakdown occurs, the move could spot a temporary interruption during a rising market.
USD/CHF to fall towards 0.896 on a breakout of the rising wedge as there is room for a downside correction.
USD/CHF: Ascending Channel
USD/CHF,
1 hour
SHORT
Apr 20
There is an ascending channel coming out.
An ascending channel is believed to be a reliable formation that typically indicates that the price to go short once price collapses through the support line.
USD/CHF to nosedive to the 0.895 mark on a breakdown of the ascending channel as USD/CHF probes 0.8956 hurdle.
USD/CHF: Falling Wedge
USD/CHF,
1 hour
LONG
Oct 31
As we can see a falling wedge occurs.
A falling wedge suggests a bullish price action formation that is used to spot that the price will rally further if price breaks out.
USD/CHF to extend its advance towards 0.903.
USD/CHF: Falling Wedge
USD/CHF,
1 hour
LONG
Nov 22
A falling wedge pops up.
A falling wedge identifies a specific bullish indicator that is used to identify a next move up once price breaks out.
USD/CHF to jump towards 0.885 on a breach of 0.8838.
USD/CHF: Rising Wedge
USD/CHF,
1 hour
SHORT
Dec 7
We can see that a rising wedge comes out, the price needs a correction to confirm a breakdown.
A rising wedge tends to be a technical indicator that can be used to indicate that prices move counter to the prevailing price trend if price breaks below support.
There is a chance of a bearish run to the 0.8745 mark on a breach of 0.8746 as bears seeking a new low.
USD/CHF: Rectangle
USD/CHF,
1 hour
LONG
Mar 14
A rectangle forms.
A rectangle tends to be a chart signal that indicates that the price to go long in case if price breaks out to the the upside.
USD/CHF to have better chances of advancing towards the 0.88 level as there is room for a upside correction.
USD/CHF: Descending Triangle
USD/CHF,
1 hour
SHORT
Nov 17
A descending triangle has been noticed, the price requests a more move as a verification of a breakout.
If price breaks down, the move could indicate that the price to go down.
There is a probability of a bearish price action to 0.886.
USD/CHF: Rectangle
USD/CHF,
1 hour
SHORT
Nov 14
There is a rectangle diagnosed.
A rectangle often identifies a sharp decline once price collapses through the support line.
A rangebound to the 0.9 level looks probable on a breakdown of the rectangle.
USD/CHF: Descending Channel
USD/CHF,
4 hours
LONG
Jul 20
There is a descending channel developing and the price is ready to break out now.
Once price breaks out, the move could identify that the price to go up.
It is possible that a further bullish continuation towards the 0.862 level will take place.
USD/CHF: Rectangle
USD/CHF,
1 hour
LONG
6 days ago
It looks like the price completes a rectangle, the price calls for a next active impulse up as an indication of a breakout.
A rectangle spots a sharp rise once price breaks out.
USD/CHF to peak to the 0.908 mark.
USD/CHF: Descending Channel
USD/CHF,
1 hour
LONG
Apr 14
USD/CHF gives a descending channel and the price asks for a further bigger bullish continuation for the certainty of breakout.
A descending channel identifies a compelling signal that is used to predict a next move up if price breaks through the resistance.
It is not ruled out that a bullish price action towards 0.895 will form on a breach of 0.89 as the currency pair challenges 0.89 hurdle.
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USD/CHF