It looks like the price completes a rectangle.
Once price collapses through the support line, the move could spot a further move down.
There is a probability of a bearish price action to 0.895 on a breakout of the rectangle.
USD/CHF: Descending Channel
USD/CHF,
1 day
LONG
Jan 17
We can see that the price completes a descending channel and the price is going to break out.
A descending channel is a specific bullish price action formation that typically spots a bullish price move once price breaks out to the the upside.
USD/CHF to peak towards 0.88 on a break above 0.86 as indicators favor bulls.
USD/CHF: Ascending Channel
USD/CHF,
1 hour
SHORT
6 days ago
An ascending channel develops and the price is ready to break out now.
An ascending channel suggests a bearish price action indicator that indicates a next move down once price breaks out to the the downside.
There is a chance of a rangebound to 0.912 as minor hurdle remains at 0.9126.
USD/CHF: Rectangle
USD/CHF,
1 hour
SHORT
3 days ago
As we can see a rectangle turns up, the price is ready to break out.
If price collapses through the support line, the resulting move could indicate extending an downtrend.
Extra downside to 0.911 is on the cards on a breakout of the rectangle as USD/CHF nears 0.9114 hurdle.
USD/CHF: Descending Channel
USD/CHF,
1 hour
LONG
Sep 20
It looks like a descending channel is detected, the price is going to break out now.
A descending channel indicates a bullish price move when price breaks out.
USD/CHF to maintain its positive tone towards 0.899 on a upside break as door open for the continuation of the uptrend.
USD/CHF: Pennant
USD/CHF,
1 hour
SHORT
Nov 13
It looks like a pennant is identified, the price needs a next strong move to confirm pennant breakdown.
A pennant typically indicates the bulls have run out of steam once price breakdown occurs.
There is a possibility of decline towards 0.901.
USD/CHF: Descending Channel
USD/CHF,
1 hour
LONG
Apr 24
USD/CHF: Descending Triangle
USD/CHF,
4 hours
SHORT
Apr 11
It seems like a descending triangle is close to being completed, the price is ready to break out soon.
A descending triangle is said to depict a price signal that can be used to spot a sharp decline if price breaks out to the the downside.
It is possible that a move towards 0.902 will be made.
USD/CHF: Symmetrical Triangle
USD/CHF,
1 hour
SHORT
Feb 27
The price gives a symmetrical triangle and the price is ready to break out.
A symmetrical triangle typically identifies a bearish price move in case if price breaks out.
USD/CHF is at risk of extending its slump towards the 0.879 zone.
USD/CHF: Descending Channel
USD/CHF,
4 hours
LONG
Mar 12
There is a descending channel identified.
A descending channel is considered to be a specific bullish indicator that can be used to identify a move up when price breaks out to the the upside.
A bullish price action towards the 0.885 level is on the way as USD/CHF nears 0.879 hurdle.
USD/CHF: Symmetrical Triangle
USD/CHF,
1 hour
LONG
May 24
There is a symmetrical triangle diagnosed.
A symmetrical triangle is considered to be a technical bullish indicator that spots that the price to go long once price breaks above resistance.
USD/CHF to strengthen to the 0.902 mark once above 0.9012.
USD/CHF: Ascending Channel
USD/CHF,
1 hour
SHORT
Aug 21
An ascending channel is nearing completion.
If price breakdown occurs, the move could spot a next move down.
USD/CHF pulls away from recent highs to 0.881 on a breakout of the ascending channel.
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USD/CHF