There is a descending channel identified and USD/CHF asks for rise as proof of a breakout.
A descending channel suggests a technical price pattern with a downward bias that typically spots the more likely potential of rising prices when price breaks through the resistance.
There is a probability of a bullish push up to 0.86 as indicators favor bulls.
USD/CHF: Pennant
USD/CHF,
4 hours
LONG
Aug 9
There is a pennant revealed, the price is ready to break out soon.
A pennant often predicts extending an uptrend if price breaks out to the the upside.
It is likely that a bullish run towards 0.878 will happen on a breach of 0.8765 as downside pressure seen easing.
USD/CHF: Descending Channel
USD/CHF,
1 hour
LONG
Aug 15
There is a descending channel arising and the price expects a further move for the certainty of breakout.
A descending channel predicts a next move up once price breaks through the resistance.
There is a probability of a bullish run towards the 0.88 mark as outlook for USD/CHF stays positive.
USD/CHF: Descending Channel
USD/CHF,
1 hour
LONG
Aug 17
It seems like a descending channel arises.
In case if price breaks above resistance, the resulting move could indicate a bullish price action.
A move to the 0.881 mark is not ruled out on a breakout of the descending channel.
USD/CHF: Ascending Channel
USD/CHF,
1 hour
SHORT
Aug 23
There is an ascending channel uncovered.
An ascending channel often predicts a breakdown is likely to occur when price collapses through the support line.
USD/CHF to accomodate towards 0.879 on a breach of 0.8794.
USD/CHF: Rectangle
USD/CHF,
4 hours
LONG
Feb 5
A rectangle emerges and USD/CHF expects a move to confirm rectangle breakout.
A rectangle is considered to be a bullish indicator that signals a further move up if price breaks out to the the upside.
There is a probability of a move towards the 0.87 mark.
USD/CHF: Rising Wedge
USD/CHF,
1 hour
SHORT
Aug 21
It seems like USD/CHF creates a rising wedge and the price is breaking out.
A rising wedge is believed to be a reliable price action pattern that has an upward slope that signals the bulls have run out of steam in case if price breaks below support.
USD/CHF opens door for a move to 0.881.
USD/CHF: Descending Channel
USD/CHF,
4 hours
LONG
Feb 2
There is a descending channel discovered.
A descending channel denotes a specific indicator that results in an extension in the upward direction once price breaks through the resistance.
A bullish continuation to 0.864 is probable on impulse above 0.863 as USD/CHF resumes the upside.
USD/CHF: Descending Triangle
USD/CHF,
1 hour
LONG
May 5
A descending triangle is very close to being completed, the price lacks a next move as an indication of a breakout.
If price breaks out to the the upside, the move could predict extending an uptrend.
A bullish move to the 0.886 level is going to happen on a breach of 0.8845 as outlook for the currency pair stays positive.
USD/CHF: Rising Wedge
USD/CHF,
4 hours
SHORT
Jul 25
We can see that a rising wedge is spotted and the price needs a move for clear breakout confirmation.
Once price collapses through the support line, the resulting move could indicate a next move down.
USD/CHF to extend the fall to the 0.866 zone on a breach of 0.868.
USD/CHF: Falling Wedge
USD/CHF,
4 hours
LONG
Apr 25
There is a falling wedge revealed.
If price breaks through the resistance, the resulting move could signal a move up.
It is not ruled out that a bullish push up to 0.892 will happen.
USD/CHF: Descending Triangle
USD/CHF,
1 hour
LONG
Mar 18
There is a descending triangle coming out and USD/CHF demands a next strong bullish action as an information of a breakout.
If price breaks out, the move could identify the bears have run out of steam.
It is possible that a rangebound to 0.8845 will be made as extra rangebound not ruled out.
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USD/CHF