Open:
High:
Low:
Close:
SYMMETRICAL TRIANGLE
USD/CHF
4H
We can see that a symmetrical triangle is recognized, the price requires a move as a verification of a breakout.
A symmetrical triangle is a technical price pattern that often indicates a sharp rise once price breaks through the resistance.
Usdchf looks ready to further extend its gains towards 0.772.
DESCENDING TRIANGLE
USD/CHF
1H
We can see that a descending triangle is almost done.
A descending triangle results in that the price to go up in case if price breaks through the resistance.
Usdchf looks ready to further extend its gains towards the 0.77 zone as the currency pair becomes bullish.
ASCENDING CHANNEL
USD/CHF
1H
An ascending channel has been recognized and the price is breaking out.
When price breaks through the support, the resulting move could signal extending an downtrend.
There is a chance of a bearish continuation towards 0.769 on a break below 0.7694 as bears look for entries.
PENNANT
USD/CHF
1H
There is a pennant happening and the price needs a more steady move for the certainty of breakout.
A pennant typically signals a bearish price move in case if price breaks below support.
There is a probability of a bearish run to the 0.769 zone on a breach of 0.7696.
DESCENDING CHANNEL
USD/CHF
1H
There is a descending channel recognized and the price is ready to break out.
A descending channel denotes a bullish signal that identifies a bearish-to-bullish trend reversal in case if price breaks through the resistance.
A bullish move to 0.771 is on the way as outlook for usdchf stays positive.
DESCENDING CHANNEL
USD/CHF
1H
A descending channel is determined, usdchf wants a more steady move as evidence of a breakout.
A descending channel predicts a further move up once price breaks out.
Usdchf to grind higher towards 0.77 as outlook for the currency pair stays positive.
ASCENDING CHANNEL
USD/CHF
1H
There is an ascending channel appearing, the price is close to breaking out now.
If price breaks below support, the resulting move could signal that the price to go down.
Further decline to 0.767 looks likely.
BEARISH FLAG
USD/CHF
1H
A bearish flag has been exposed.
A bearish flag spots a further move down in case if price breaks down.
A bearish push down towards the 0.768 level is going to happen on a breach of 0.7684.
DESCENDING TRIANGLE
USD/CHF
1H
There is a descending triangle arising and the price calls for a more bullish move as a verification of a breakout.
A descending triangle provides a useful price signal that often spots that the price will rally further once price breaks out to the the upside.
Usdchf to accomodate to the 0.771 zone on a upside break.
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