Tag - chf - swiss franc

USD/CHF formed a bearish “flag”. It’s trading below the 50-day MA at 0.9937.

On a daily chart of USD/CHF, there is a reversal as a part of a transformation of the “Shark” pattern into 5-0.

These days you might want to exploit the vulnerability of the British pound which is weakened by the Brexit concerns.

On the daily chart of USD/CHF, the 113% target of the “Shark” pattern was reached.

On the daily chart of USD/CHF, the pair hasn't reached targets of "Wolfe waves", "Shark" (113%) and AB=CD patterns.

On a daily chart of USD/CHF a break of the resistance at 0.9985 let bulls continue to move up towards the 113% and 127.2% targets of the “Shark” and AB=CD patterns.

On the daily chart of USD/CHF, the pair has been reaching targets of the reversed “Shark” pattern with the 113% target.

On the daily chart of USD/CHF, there was a rebound to the  23.6% level from the CD wave of the junior “Shark” pattern within its transformation to the 5-0 pattern.

On the daily chart of USD/CHF, the fast attack let bulls implement the 88.6%  target of the “Shark” pattern.

USD/CHF reached 0.9630 (50% of the medium-term rising wave), although the diagonal resistance in form of the upper border of the downtrend channel is a more serious obstacle.

On the daily chart, bears managed to stop USD/CHF at 0.9735 (38.2% of the medium-term rising wave) and return the pair inside the long-term downtrend.

USD/CHF broke below the lower border of the uptrend channel and the triangle with the following triggering of the “Bat”.