There is a bullish flag determined and the price lacks a further move as a signal of a breakout.
A bullish flag describes a technical bullish price action formation that is used to predict that the price to go up once price breaks through the resistance.
Usdchf turns higher to 0.8.
USD/CHF: Descending Channel
USD/CHF,
1 hour
LONG
Jun 20
USD/CHF sets up a descending channel and the price is going to break out.
A descending channel typically identifies a bearish-to-bullish trend reversal once price breaks through the resistance.
USD/CHF to increase bullish potential towards 0.8845.
USD/CHF: Bullish Flag
USD/CHF,
1 hour
LONG
Aug 11
We can see that a bullish flag has been uncovered, the price is ready to break out.
A bullish flag is considered to be a technical signal that typically results in extending an uptrend in case if price breaks through the resistance.
USD/CHF to strengthen to 0.866.
USD/CHF: Descending Triangle
USD/CHF,
1 hour
LONG
Sep 5
There is a descending triangle noticed and the price is going to break out.
A descending triangle depicts a useful formation that is used to signal that prices are likely to keep rallying upward in case if price breaks through the resistance.
It is not ruled out that a rangebound towards the 0.885 level will be made.
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: Rectangle
USD/CHF,
1 day
SHORT
Jun 13
It seems like a rectangle comes out, the price is about to break out soon.
A rectangle often predicts that the price to go short in case if price breaks through the support.
USD/CHF to nosedive to 0.81 on a breach of 0.814 as USD/CHF becomes offered.
USD/CHF: Symmetrical Triangle
USD/CHF,
1 day
SHORT
Aug 29
USD/CHF: Ascending Triangle
USD/CHF,
1 hour
SHORT
Sep 30
There is an ascending triangle discovered and the price is close to breaking out soon.
An ascending triangle signals the more likely potential of falling prices if price breakdown occurs.
Usdchf to move back to 0.7965.
USD/CHF: Descending Channel
USD/CHF,
1 hour
LONG
Aug 15
There is a descending channel arising and the price is going to break out now.
A descending channel describes a bullish signal that is used to signal a change in the prevailing trend when price breaks out.
USD/CHF hints a change to the upside towards 0.866 on a breach of 0.8654 as there is a chance for a upside correction.
USD/CHF: Ascending Triangle
USD/CHF,
1 hour
SHORT
Aug 23
An ascending triangle is very close to being completed and the price is going to break out.
An ascending triangle suggests a useful indicator that is used to spot extending an downtrend once price collapses through the support line.
There is a possibility of a move towards 0.85 on a breakout of the ascending triangle.
USD/CHF: Ascending Triangle
USD/CHF,
1 hour
LONG
Nov 13
It looks like USD/CHF builds an ascending triangle.
An ascending triangle identifies a compelling bullish formation that often indicates that the price will rally further once price breaks out.
USD/CHF now looks to 0.884.
USD/CHF: Ascending Triangle
USD/CHF,
1 hour
SHORT
Aug 27
It looks like an ascending triangle has been determined and the price requests a more bigger bearish impulse as an indication of a breakout.
Once price collapses through the support line, the resulting move could signal the bulls have run out of steam.
USD/CHF now looks to the 0.8465 zone on a breach of 0.8468 as extra rangebound not ruled out.
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