It looks like a pennant is close to being done and the price is breaking out.
A pennant often signals a move down once price breaks through the support.
USD/CHF to resume its downfall to the 0.879 zone as indicators favor bears.
USD/CHF: Ascending Triangle
USD/CHF,
1 hour
LONG
Nov 22
As we can see an ascending triangle is close to being done, USD/CHF calls for a next bigger move to confirm a breakout.
An ascending triangle typically signals the bears have run out of steam once price breaks above resistance.
It is not ruled out that a bullish push up towards the 0.885 mark will happen on a breakout of the ascending triangle.
USD/CHF: Descending Channel
USD/CHF,
1 hour
LONG
May 16
There is a descending channel poping up, the price needs a next bigger move as a signal of a breakout.
A descending channel typically signals a trend change to the upside once price breaks through the resistance.
USD/CHF to recover bullish potential to 0.904 once above 0.9035.
USD/CHF: Descending Channel
USD/CHF,
1 hour
LONG
Nov 1
As we can see a descending channel emerges, the price is about to break out soon.
A descending channel is a reliable price action signal that is used to spot a bullish move when price breaks out.
USD/CHF to peak towards the 0.865 mark.
USD/CHF: Falling Wedge
USD/CHF,
1 hour
LONG
Feb 29
The price shapes a falling wedge, USD/CHF requires a next steady bullish move for clear breakout confirmation.
A falling wedge is said to depict an indicator that is used to identify a bullish price move in case if price breaks out.
A bullish continuation to the 0.88 level is on the way.
USD/CHF: Ascending Channel
USD/CHF,
1 hour
SHORT
Jun 21
There is an ascending channel found, the price demands a further steady move to confirm a breakdown.
An ascending channel identifies a useful price pattern that can be used to indicate a bearish move once price collapses through the support line.
A bearish run to the 0.898 level is a possibility.
USD/CHF: Falling Wedge
USD/CHF,
1 hour
LONG
Feb 2
A falling wedge is very close to being finished.
When price breaks through the resistance, the move could spot a move up.
USD/CHF to strengthen towards 0.858 amid the currency pair reclaims part of the ground lost.
USD/CHF: Falling Wedge
USD/CHF,
1 hour
LONG
Mar 7
There is a falling wedge materializing and the price is close to breaking out soon.
A falling wedge is said to depict a technical indicator that can be used to identify a sharp rise if price breaks through the resistance.
A bullish continuation towards 0.932 is probable.
USD/CHF: Descending Channel
USD/CHF,
1 hour
LONG
Sep 11
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.
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USD/CHF