As we can see usdchf creates a rising wedge and the price is ready to break out now.
Once price breaks below support, the move could indicate a next move down.
A bearish push down towards 0.804 is probable.
USD/CHF: Pennant
USD/CHF,
1 hour
LONG
Jun 19
There is a pennant arising, the price is close to breaking out.
A pennant depicts a specific formation that is used to indicate an extension in the upward direction in case if price breaks above resistance.
There is a chance of a bullish push up towards 0.885 on a breach of 0.8842.
USD/CHF: Falling Wedge
USD/CHF,
1 hour
LONG
May 14
There is a falling wedge detected and the price is going to break out.
A falling wedge often indicates a next move up when price breaks out to the the upside.
It is not ruled out that a bullish push up towards 0.84 will form.
USD/CHF: Descending Triangle
USD/CHF,
4 hours
LONG
May 7
We can see that the price gives a descending triangle, USD/CHF lacks a further bigger bullish continuation to confirm descending triangle breakout.
Once price breaks out to the the upside, the move could predict a bullish price move.
USD/CHF to increase bullish potential to the 0.828 zone as uptrend may continue.
USD/CHF: Rising Wedge
USD/CHF,
1 hour
SHORT
May 30
USD/CHF forms a rising wedge, the price asks for a further steady move as proof of a breakdown.
A rising wedge tends to be a bearish price action formation that is used to indicate a further move down in case if price breaks through the support.
USD/CHF to drop towards the 0.912 level.
USD/CHF: Pennant
USD/CHF,
1 hour
SHORT
Jun 30
We can see that a pennant is determined, the price wants next bigger push down as a signal of a breakout.
A pennant is a technical bearish price pattern that often spots prices are likely to keep falling downward when price breaks down.
A move to the 0.796 mark is likely on impulse below 0.7968.
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: 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.
USD/CHF: Ascending Channel
USD/CHF,
1 hour
SHORT
Oct 10
An ascending channel turns up, the price requests a more bigger impulse down as a clue of a breakout.
When price breaks out, the move could indicate a break during an uptrending market.
It is likely that a rangebound towards 0.859 will form.
USD/CHF: Ascending Triangle
USD/CHF,
1 hour
SHORT
Nov 25
An ascending triangle has been identified and the price is about to break out now.
If price breaks out, the resulting move could spot a next move down.
Usdchf to continue lower to 0.809 as the currency pair challenges 0.8094 hurdle.
USD/CHF: Ascending Channel
USD/CHF,
4 hours
SHORT
Nov 26
We can see that an ascending channel happens and the price needs a more active bearish action to confirm ascending channel breakout.
An ascending channel typically results in a bearish move once price breaks through the support.
Usdchf risks a correction towards 0.802 as usdchf is at a brink of a bearish breakout.
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.
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USD/CHF