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DESCENDING CHANNEL
USD/CHF
1H
There is a descending channel coming out and the price is ready to break out soon.
A descending channel represents a reliable bullish chart pattern that is used to signal a breakout higher if price breaks out to the the upside.
It is possible that a further bullish run to 0.811 will be made.
DESCENDING TRIANGLE
USD/CHF
1H
There is a descending triangle revealed, the price requires an active move as a sign of a breakout.
A descending triangle identifies a bearish formation that is used to spot extending an downtrend in case if price collapses through the support line.
It is likely that a bearish move towards 0.807 will happen on impulse below 0.8082 as risk reversal sheds bullish bias.
PENNANT
USD/CHF
4H
As we can see a pennant is spotted.
A pennant indicates the more likely potential of falling prices if price breakdown occurs.
Decline towards 0.808 is likely to happen.
ASCENDING CHANNEL
USD/CHF
1H
It looks like an ascending channel is close to being completed, the price is going to break out now.
An ascending channel provides a useful signal that is used to identify price reversal after a pause once price breaks out.
Usdchf to head to 0.808 amid usdchf recedes from recent highs.
FALLING WEDGE
USD/CHF
4H
There is a falling wedge coming out.
A falling wedge can be thought of as a technical price indicator that typically identifies an extension in the upward direction if price breaks out.
It is possible that a bullish price action towards 0.81 will occur.
FALLING WEDGE
USD/CHF
1H
A falling wedge develops and usdchf wants a more bigger bullish move as proof of a breakout.
A falling wedge often results in that the price to go up in case if price breaks out to the the upside.
Usdchf turns higher to 0.8095 as the currency pair resumes the upside.
DESCENDING TRIANGLE
USD/CHF
1H
There is a descending triangle developing and usdchf requires a next move as a signal of a breakout.
A descending triangle provides a technical formation that indicates a move up in case if price breaks out.
Usdchf turns higher towards the 0.81 level.
PENNANT
USD/CHF
1H
There is a pennant turning up and the price asks for bigger push down as an information of a breakout.
A pennant is a formation that predicts a bearish price move once price breaks out to the the downside.
Usdchf risks further downside towards the 0.809 mark as usdchf becomes weak.
RISING WEDGE
USD/CHF
1H
We can see that a rising wedge is almost finished.
A rising wedge spots that the price to go short when price breaks out to the the downside.
There is a possibility of a move to 0.808 while lower than 0.8095 as there is a chance for a downside correction.
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