We can see that a descending channel is close to being completed, the price is ready to break out now.
A descending channel is a technical indicator that can be used to predict a bullish price move if price breaks above resistance.
It is not ruled out that a further rangebound to 0.848 will occur.
USD/CHF: Ascending Channel
USD/CHF,
4 hours
SHORT
Jun 6
There is an ascending channel recognized.
An ascending channel depicts a specific formation that has an upward slope that is used to signal a further move down when price breaks out to the the downside.
A bearish continuation to the 0.9 zone looks likely.
USD/CHF: Rising Wedge
USD/CHF,
1 hour
SHORT
Jul 3
USD/CHF develops a rising wedge and the price is close to breaking out.
Once price breakdown occurs, the move could identify price reversal after a pause.
USD/CHF accelerates losses to the 0.9035 zone once below 0.9039 as the currency pair failes to keep gains.
USD/CHF: Descending Channel
USD/CHF,
1 hour
LONG
Oct 11
There is a descending channel happening and the price is ready to break out now.
A descending channel identifies a useful chart signal that typically signals a bullish price move in case if price breaks through the resistance.
There is a chance of a further rangebound towards the 0.906 zone on a break above 0.904 as bullish momentum increases.
USD/CHF: Rectangle
USD/CHF,
1 hour
SHORT
Jan 11
It seems like a rectangle appears, USD/CHF needs a further move to confirm rectangle breakout.
A rectangle suggests a bearish price signal that often indicates a sharp decline in case if price breaks out.
A bearish move towards 0.849 is on the way on impulse below 0.8496 as outlook for USD/CHF stays negative.
USD/CHF: Ascending Triangle
USD/CHF,
1 hour
SHORT
Mar 3
There is an ascending triangle occuring, the price is ready to break out.
An ascending triangle suggests a reliable formation that indicates that the price to go short if price breaks through the support.
A bearish push down to the 0.9 mark stays on the cards on a breakdown of the ascending triangle.
USD/CHF: Symmetrical Triangle
USD/CHF,
1 hour
LONG
Oct 16
There is a symmetrical triangle encountered, the price is ready to break out.
A symmetrical triangle depicts an indicator that typically indicates the more likely potential of rising prices in case if price breaks above resistance.
USD/CHF to have better chances of advancing towards 0.863 on a upside break as uptrend may continue.
USD/CHF: Bearish Flag
USD/CHF,
1 day
SHORT
Jun 16
A bearish flag is close to being finished, the price is ready to break out now.
Once price breakdown occurs, the move could signal a bearish price move.
USD/CHF to extend the correction lower to 0.89 as indicators favor bears.
USD/CHF: Rising Wedge
USD/CHF,
1 hour
SHORT
Mar 27
A rising wedge is close to being completed.
A rising wedge identifies a pause in an uptrending market if price breaks through the support.
USD/CHF challenges a move towards 0.883.
USD/CHF: Ascending Triangle
USD/CHF,
1 hour
LONG
Jan 10
There is an ascending triangle revealed and the price is ready to break out soon.
Once price breaks above resistance, the resulting move could identify a bullish price action.
It is likely that a bullish price action towards the 0.913 zone will be made as extra rangebound not ruled out.
USD/CHF: Rising Wedge
USD/CHF,
4 hours
SHORT
Mar 3
A rising wedge has been distinguished and the price is about to break out soon.
A rising wedge identifies a bearish price action once price breakdown occurs.
USD/CHF turns bearish to the 0.898 zone.
USD/CHF: Bearish Flag
USD/CHF,
1 day
SHORT
Apr 5
It seems like a bearish flag is discovered.
A bearish flag is believed to be a technical pattern that often signals a next move down if price breaks out to the the downside.
There is a possibility of a bearish continuation towards 0.9 while lower than 0.91.
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USD/CHF