A descending triangle has been determined and the price needs a more steady bearish impulse as an information of a breakdown.
A descending triangle often indicates that the price to go short if price breaks below support.
It is not ruled out that a further bearish price action to 0.898 will be made on a breakout of the descending triangle as outlook for the currency pair stays negative.
USD/CHF: Descending Channel
USD/CHF,
1 hour
LONG
Aug 18
As we can see a descending channel has been found.
A descending channel denotes a technical bullish indicator that is used to spot reversals in downtrends if price breaks through the resistance.
USD/CHF to jump to 0.88 as the mood may improve.
USD/CHF: Pennant
USD/CHF,
1 hour
LONG
May 29
A pennant emerges and the price is ready to break out soon.
A pennant tends to be a technical chart formation that typically indicates that the price to go long if price breaks out.
There is a possibility of a bullish push up to 0.905.
USD/CHF: Ascending Triangle
USD/CHF,
1 hour
SHORT
Dec 13
It seems like an ascending triangle develops and USD/CHF requests a bearish action for clear breakout confirmation.
An ascending triangle indicates that the price to go down once price breaks through the support.
USD/CHF to resume its downfall to the 0.875 zone on a breakout of the ascending triangle as minor hurdle remains at 0.8754.
USD/CHF: Rectangle
USD/CHF,
1 hour
LONG
May 31
There is a rectangle observed.
A rectangle denotes a formation that is used to identify a further move up in case if price breaks above resistance.
USD/CHF to peak towards 0.908.
USD/CHF: Bearish Flag
USD/CHF,
1 hour
SHORT
Jan 10
As we can see a bearish flag is nearing completion.
A bearish flag represents a reliable bearish price action formation that often results in a bearish price move if price breaks out to the the downside.
USD/CHF risks further downside towards 0.85.
USD/CHF: Ascending Channel
USD/CHF,
1 hour
SHORT
Aug 21
There is an ascending channel happening and the price is ready to break out soon.
An ascending channel tends to be a chart pattern that signals a temporary interruption of an existing trend when price breakdown occurs.
USD/CHF to head to the 0.878 mark.
USD/CHF: Pennant
USD/CHF,
1 hour
LONG
Jun 20
It looks like the price builds a pennant, the price lacks a further bigger move as proof of a breakout.
Once price breaks out, the resulting move could spot that the price to go up.
There is a possibility of a bullish move to 0.897 as minor hurdle remains at 0.8962.
USD/CHF: Rising Wedge
USD/CHF,
1 hour
SHORT
Jan 26
We can see that a rising wedge is determined, the price needs a next move as an information of a breakout.
A rising wedge often predicts that the price to go short when price collapses through the support line.
USD/CHF could drop towards 0.864.
USD/CHF: Ascending Triangle
USD/CHF,
1 hour
LONG
Jan 2
As we can see USD/CHF gives an ascending triangle and the price is about to break out now.
An ascending triangle is considered to be a technical price action signal that results in a further move up if price breaks through the resistance.
USD/CHF to look for a further push to 0.846.
USD/CHF: Rectangle
USD/CHF,
1 hour
SHORT
Mar 28
A rectangle is nearing completion.
A rectangle tends to be a specific bearish formation that spots a move down if price breaks out to the the downside.
There is a possibility of a further bearish price action to the 0.903 level on a breakdown of the rectangle.
USD/CHF: Falling Wedge
USD/CHF,
1 hour
LONG
Sep 12
There is a falling wedge arising, the price is close to breaking out.
A falling wedge can be thought of as a price formation with a downward bias that typically spots an extension in the upward direction if price breaks out to the the upside.
It is likely that a rangebound to 0.892 will form while above 0.891 as extra rangebound not ruled out.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
USD/CHF