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,
1 day
SHORT
Feb 15
A descending channel materializes.
A descending channel depicts a chart formation that can be used to identify an extension in the downward direction if price collapses through the support line.
USD/CHF to plummet to 0.895 on a breakdown of the descending channel as the currency pair looks offered.
USD/CHF: Ascending Channel
USD/CHF,
1 day
SHORT
Feb 6
An ascending channel emerges.
An ascending channel can be thought of as a compelling indicator that often predicts a break during an uptrending market in case if price breaks through the support.
USD/CHF to continue lower to 0.9 as outlook for USD/CHF stays negative.
USD/CHF: Ascending Channel
USD/CHF,
1 day
SHORT
Jan 28
An ascending channel forms.
An ascending channel often predicts a bearish move once price breaks through the support.
A further bearish move towards the 0.88 zone looks possible as the currency pair is at a brink of a bearish breakout.
USD/CHF: Bearish Flag
USD/CHF,
4 hours
SHORT
5 days ago
A bearish flag is nearing completion and USD/CHF demands a steady move as an information of a breakout.
A bearish flag suggests a bearish price action indicator that can be used to spot an interruption of an uptrend once price breaks down.
It is possible that a move to 0.882 will take place while lower than 0.883 as bears looking for downside correction.
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: Falling Wedge
USD/CHF,
4 hours
LONG
3 days ago
A falling wedge is almost finished and the price lacks active push up to confirm falling wedge breakout.
In case if price breaks out to the the upside, the move could indicate a bullish price action.
A further bullish price action towards the 0.882 level is going to happen on a break above 0.88.
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: 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: Ascending Channel
USD/CHF,
1 hour
SHORT
5 days ago
An ascending channel forms and USD/CHF needs a next bearish impulse for clear breakdown confirmation.
When price breakdown occurs, the move could signal a move down.
It is likely that a move towards 0.882 will be made.
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.
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USD/CHF