USD/CHF continues to fall inside the daily Up Channel chart pattern identified by Autochartist – in accordance with the following trade opportunity alert that I received today for this currency pair. USD/CHF is expected to break the lower support trendline of this Up Channel and to reach the target level 0.9206 in the next 5 trading days (point A on the chart below, the last connecting point of the lower support trendline of this chart pattern). Autochartist sets the stop-level for this bearish forecast at 0.9839 (point B, the top of this Up Channel).
USD/CHF - 1" title="USD/CHF - 1" width="600" height="365">
As you can see from the following Volatility Analysis chart below, all of the daily Expected Price Range calculated by Autochartist for this pair (from 0.9513 to 0.9398) lies below the today’s opening price (0.9557) – which increases the probability the pair will continue to fall toward the target level 0.9206 tomorrow.