USD/CHF eyes inverse H&S breakout – Société Générale
USD/CHF is consolidating after rebounding from its July low, with price action forming an Inverse Head and Shoulders pattern. A clear break above the neckline at 0.8020 is needed to unlock further upside, while the 0.7870/25 zone remains pivotal support, Société Générale's FX analysts note.

USD/CHF is consolidating after rebounding from its July low, with price action forming an Inverse Head and Shoulders pattern. A clear break above the neckline at 0.8020 is needed to unlock further upside, while the 0.7870/25 zone remains pivotal support, Société Générale's FX analysts note.

0.8020 neckline key for upside

"USD/CHF tentatively breached the July low of 0.7870 last month, but downward momentum quickly faded. Subsequently, the price reclaimed this level and rebounded towards the 50-DMA and a multi-month descending trend line. The pair is evolving within an Inverse Head and Shoulders pattern, which generally signals potential upside."

"However, a decisive breakout above the neckline near 0.8020 is necessary to confirm a short-term up move. Failure to overcome this resistance could result in a pullback. The recent pivot low around 0.7870/0.7825 now serves as a key support zone."

FXStreet
Trade The World
Mais de um milhão de usuários confiam na FXStreet para dados de mercado em tempo real, ferramentas de gráficos, insights de especialistas e notícias de Forex. Seu calendário econômico abrangente e webinars educacionais ajudam os traders a se manterem informados e tomarem decisões calculadas. A FXStreet conta com uma equipe de cerca de 60 profissionais, divididos entre a sede em Barcelona e diversas regiões globais.
Read More

LIVE QUOTES

Name / Symbol
Chart
% Change / Price
GBPUSD
1 D change
+0%
0
EURUSD
1 D change
+0%
0
USDJPY
1 D change
+0%
0

ALL ABOUT FOREX

Explore Mais Ferramentas
Academia de Trading
Navegue por uma ampla gama de artigos educacionais cobrindo estratégias de trading, insights de mercado e fundamentos financeiros, tudo em um só lugar.
Saiba Mais
Cursos
Explore cursos de trading estruturados projetados para apoiar seu crescimento em cada etapa de sua jornada de trading.
Saiba Mais
Webinar
Participe de webinars ao vivo e sob demanda para obter insights de mercado em tempo real e estratégias de trading de especialistas da indústria.
Saiba Mais