It looks like a rectangle arises and USD/CHF calls for a further bigger move as a sign of a breakdown.
Once price collapses through the support line, the move could signal a sharp decline.
There is a possibility of decline towards 0.884 once below 0.885 as the mood may get worse.
USD/CHF: Rectangle
USD/CHF,
1 hour
SHORT
Jul 17
A rectangle forms, USD/CHF requires a bearish action as a verification of a breakout.
A rectangle often results in a next move down if price breaks down.
USD/CHF to prolong the corrective phase to the 0.892 zone as the currency pair challenges 0.8932 hurdle.
USD/CHF: Ascending Channel
USD/CHF,
1 hour
SHORT
Jun 14
An ascending channel has been diagnosed and the price is breaking out.
An ascending channel is a pattern that is angled up that predicts a countertrend succeeding the current trend in case if price breakdown occurs.
USD/CHF to slide to the 0.893 zone once below 0.8938 as door open for a test of 0.893.
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: Pennant
USD/CHF,
1 hour
SHORT
Feb 21
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: 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: 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 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: 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: 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.
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USD/CHF