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

According to the chart of M30, EURCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9429 - 0.0000 and support 0.9362 – 0.9362. In case the resistance level 0.9362 - 0.9362 is broken, the instrument is likely to follow the bearish trend.

The Double Bottom pattern has been formed on EURCHF M30. Characteristics: the support level 0.9365; the resistance level 0.9429; the width of the pattern 64 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 67 points.

The Double Bottom pattern has been formed on EURCHF M15. Characteristics: the support level 0.9365; the resistance level 0.9429; the width of the pattern 64 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 67 points.

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 0.9429 is broken. The further movements will rely on the width of the current pattern 64 points.

The Double Bottom pattern has been formed on EURCHF M5; the upper boundary is 0.9503; the lower boundary is 0.9488. The width of the pattern is 16 points. In case of a break of the upper boundary 0.9503, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Bullish pennant graphic pattern has formed on the EURCHF M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 0.9580.

The Triple Top pattern has formed on the chart of the EURCHF M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -3, support level -21, and pattern’s width 20. Forecast If the price breaks through the support level 0.9544, it is likely to move further down to 0.9553.

According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9519/0.9526 and upper border is 0.9534/0.9526. The pattern width is measured on the chart at -15 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 0.9511.

The Triple Bottom pattern has formed on the chart of EURCHF M5. Features of the pattern: The lower line of the pattern has coordinates 0.9536 with the upper limit 0.9536/0.9530, the projection of the width is 15 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 0.9521, the price is most likely to continue the upward movement.

The Bullish pennant pattern is formed on the EURCHF M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.9519, a further uptrend is possible.