FX.co ★ Patterns EURCHF | Euro (EUR) to Swiss Franc (CHF) Rate in the Forex market

The Double Top pattern has been formed on EURCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9315 is broken, the downward movement will continue.

The Triple Bottom pattern has formed on the chart of EURCHF M5. Features of the pattern: The lower line of the pattern has coordinates 0.9314 with the upper limit 0.9314/0.9302, the projection of the width is 17 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.9297, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on EURCHF M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.9314 is broken. The further movements will rely on the width of the current pattern 17 points.

On the chart of the EURCHF H1 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.9276, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 49 points.

On the chart of the EURCHF H1 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.9276, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 49 points.

The Triple Top pattern has formed on the chart of the EURCHF M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 3, support level -7, and pattern’s width 18. Forecast If the price breaks through the support level 0.9304, it is likely to move further down to 0.9299.

According to the chart of M5, EURCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.9322 while the median line of the Neck is found at 0.9305/0.9306. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of EURCHF will go towards 0.9291.

According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9290/0.9294 and upper border is 0.9299/0.9294. The pattern width is measured on the chart at -9 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURCHF breaches the lower border, the price could continue its move toward 0.9279.

According to the chart of M5, EURCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.9290 – 0.9290 and upper border 0.9300 – 0.9300. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M5, EURCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.9325 while the median line of the Neck is found at 0.9306/0.9306. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of EURCHF will go towards 0.9291.