We can see that a bearish flag is found.
A bearish flag typically identifies extending an downtrend if price breaks through the support.
USD/CHF pulls away from recent highs towards 0.894.
USD/CHF: Descending Channel
USD/CHF,
4 hours
LONG
Nov 6
USD/CHF completes a descending channel and the price is ready to break out soon.
A descending channel represents a specific price signal that predicts a bearish-to-bullish trend reversal in case if price breaks through the resistance.
It is not ruled out that a rangebound to the 0.872 zone will form on a breach of 0.87 as door open for a test of 0.872.
USD/CHF: Rectangle
USD/CHF,
1 hour
SHORT
Jan 23
A rectangle is close to being done and the price is ready to break out soon.
A rectangle suggests a bearish price pattern that spots prices are likely to keep falling downward when price collapses through the support line.
There is a possibility of corrective downside towards the 0.866 level on impulse below 0.8672.
USD/CHF: Descending Channel
USD/CHF,
4 hours
LONG
Nov 1
It seems like a descending channel is determined, the price expects more steady rise as a signal of a breakout.
In case if price breaks out, the move could spot a sharp rise.
USD/CHF tests a move to 0.87 on a breakout of the descending channel.
USD/CHF: Ascending Channel
USD/CHF,
1 hour
SHORT
Nov 2
An ascending channel has been identified.
An ascending channel often spots a bearish price action once price breaks out.
There is a chance of a rangebound to the 0.9 zone as USD/CHF sticks to the negative mood.
USD/CHF: Rising Wedge
USD/CHF,
1 hour
SHORT
12 hours ago
The price composes a rising wedge, the price needs next fall as an information of a breakdown.
In case if price breaks out, the resulting move could spot a next move down.
USD/CHF turns bearish towards 0.884.
USD/CHF: Rectangle
USD/CHF,
1 hour
SHORT
Nov 14
A rectangle is close to completion and USD/CHF lacks further steady fall as a verification of a breakdown.
A rectangle depicts a bearish indicator that can be used to spot that the price to go down in case if price breaks down.
USD/CHF opens door for a move to the 0.9 mark as USD/CHF is at a brink of a bearish breakout.
USD/CHF: Bullish Flag
USD/CHF,
1 hour
LONG
Nov 9
There is a bullish flag exposed.
When price breaks out, the resulting move could predict a next move up.
USD/CHF does not rule out a move to the 0.901 level.
USD/CHF: Rising Wedge
USD/CHF,
1 hour
SHORT
Nov 13
The price shapes a rising wedge, USD/CHF lacks a further steady move as a sign of a breakout.
A rising wedge is considered to be a specific pattern that is used to signal a bearish move when price breaks out to the the downside.
USD/CHF to head to 0.901 as bearish momentum increases.
USD/CHF: Rectangle
USD/CHF,
1 hour
LONG
Nov 6
A rectangle is revealed and the price is about to break out.
A rectangle is considered to be a reliable bullish price action formation that signals a next move up if price breaks above resistance.
USD/CHF advances higher to the 0.865 mark on a breach of 0.8644.
USD/CHF: Falling Wedge
USD/CHF,
1 hour
LONG
Sep 10
A falling wedge is almost completed and the price asks for active rise as a signal of a breakout.
A falling wedge provides a compelling price action pattern that is angled down that predicts a change in price direction once price breaks through the resistance.
USD/CHF points to the upside towards the 0.848 zone on a breach of 0.847.
USD/CHF: Bearish Flag
USD/CHF,
1 day
SHORT
Jul 18
A bearish flag comes out, USD/CHF wants a next steady move to confirm bearish flag breakout.
A bearish flag provides a useful price action indicator that indicates a bearish price action in case if price breaks out to the the downside.
USD/CHF risks a move towards 0.885 once below 0.891.
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USD/CHF