- Analytics
- News and Tools
- Market News
- USD/CHF Price Prediction: Head and Shoulders hints at further declines
USD/CHF Price Prediction: Head and Shoulders hints at further declines
- USD/CHF has formed a bearish H&S pattern which hints at more weakness.
- More downside will be confirmed by a break below the base of the pattern or its “neckline”.
USD/CHF has likely formed a bearish Head and Shoulders (H&S) reversal pattern on the 4-hour chart, which, if valid, indicates a probable decline is on the cards for the pair.
USD/CHF 4-hour Chart
The H&S is composed of a peak, the “head” (H) and two shoulders either side (S). A break below the neckline at the base of the pattern confirms a decline lower. The pattern is a bearish reversal sign.
On USD/CHF the neckline is at around 0.8797. The initial target for the pattern is at 0.8703, the 61.8% Fibonacci extension of the height of the pattern extrapolated lower (red line labelled 0.618 on chart).
Volume has declined during the formation of the H&S (red dashed line), further enhancing the validity of the pattern.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
