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."

Acuity Trading
Trade The World
Ang Acuity Trading ay isang fintech na nakabase sa London na itinatag noong 2013, na dalubhasa sa AI-powered na alternative data at sentiment analysis para sa trading at investments. Inirebolusyon nila ang online trading experience gamit ang visual news at sentiment tools, at patuloy na nangunguna sa merkado sa pamamagitan ng alpha-generating alternative data at highly engaging trading tools gamit ang pinakabagong AI research at technology.
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

Galugarin ang Higit pang mga Tool
Trading Academy
Mag-browse ng malawakang hanay ng mga educational na artikulo na sumasaklaw sa mga trading strategy, market insights, at financial fundamentals, lahat sa isang lugar.
Matuto pa
Mga Kurso
Galugarin ang mga structured na trading course na idinisenyo upang suportahan ang inyong paglago sa bawat yugto ng inyong trading journey.
Matuto pa
Webinar
Sumali sa mga live at on-demand na webinar upang makakuha ng real-time na market insights at trading strategies mula sa mga eksperto sa industriya.
Matuto pa