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RECTANGLE
USD/CHF
1H
There is a rectangle materializing, the price expects a further move as a sign of a breakout.
A rectangle is a reliable pattern that can be used to indicate that the price to go long once price breaks above resistance.
Usdchf is bullish and en route towards 0.797 on a breakout of the rectangle amid the currency pair reclaims part of the ground lost.
DESCENDING CHANNEL
USD/CHF
1H
We can see that the price develops a descending channel, usdchf needs an active move as proof of a breakout.
A descending channel suggests a compelling bullish price formation that is angled down that indicates that the price to go long in case if price breaks out to the the upside.
It is possible that a further bullish push up towards the 0.798 zone will occur on a breach of 0.7955 as minor hurdle remains at 0.7955.
DESCENDING CHANNEL
USD/CHF
1H
The price shows a descending channel.
A descending channel often indicates that the price to go up in case if price breaks above resistance.
A bullish continuation to the 0.802 zone is on the cards as usdchf nears 0.8 hurdle.
RECTANGLE
USD/CHF
4H
There is a rectangle turning up.
A rectangle is believed to be a reliable price pattern that can be used to indicate a move down in case if price breaks below support.
Usdchf could drop to 0.796.
PENNANT
USD/CHF
1D
There is a pennant encountered and the price needs a more move as a sign of a breakdown.
A pennant is said to depict a useful bearish price action pattern that is used to predict the bulls have run out of steam once price breakdown occurs.
Usdchf to continue lower towards the 0.795 mark on a breakdown of the pennant.
ASCENDING CHANNEL
USD/CHF
4H
There is an ascending channel diagnosed, usdchf asks for a next bigger bearish continuation as a sign of a breakout.
An ascending channel often predicts a bearish price move if price collapses through the support line.
Usdchf now looks to 0.798.
ASCENDING CHANNEL
USD/CHF
4H
There is an ascending channel poping up.
An ascending channel typically predicts a trend change to the downside if price breaks out to the the downside.
There is a possibility of further decline towards 0.8 on a break below 0.8015.
ASCENDING CHANNEL
USD/CHF
4H
We can see that the price shows an ascending channel, usdchf requests a next move as a sign of a breakout.
Once price breaks out, the move could predict prices are likely to keep falling downward.
Usdchf to prolong the corrective phase to the 0.804 mark on a breakout of the ascending channel.
ASCENDING CHANNEL
USD/CHF
1H
It looks like an ascending channel takes place, usdchf calls for a further move as proof of a breakout.
An ascending channel is considered to be a compelling chart formation that is used to signal a bearish move when price breaks down.
Decline towards 0.806 looks possible as indicators favor bears.
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