FX.co ★ Patterns GBPCHF | British Pound (GBP) to Swiss Franc (CHF) Rate in the Forex market

According to the chart of M30, GBPCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.1253 and 1.1202 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 51 pips. Outlook: If the upper border 1.1253 is broken, the price is likely to continue its move by 1.1258.

According to the chart of M15, GBPCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.1253/1.1227 whereas the lower border goes across 1.1202/1.1227. The pattern width is measured on the chart at 51 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.1227 is broken, the price could continue its move toward 1.1250.

The Double Bottom pattern has been formed on GBPCHF M15; the upper boundary is 1.1201; the lower boundary is 1.1187. The width of the pattern is 16 points. In case of a break of the upper boundary 1.1201, 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.

On the chart of GBPCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1227; the lower boundary 1.1223; the width of the pattern 4 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.1208 level.

The Double Top pattern has been formed on GBPCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1222 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on GBPCHF M15. Characteristics: the support level 1.1199; the resistance level 1.1259; the width of the pattern 60 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 62 points.

The Bearish pennant pattern has formed on the GBPCHF M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.1205; the projection of the flagpole height is equal to 32 pips. In case the price breaks out the pattern’s bottom of 1.1205, the downtrend is expected to continue for further level 1.1190.

The Double Top pattern has been formed on GBPCHF M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1210 is broken, the downward movement will continue.

According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.1217/1.1185 whereas the lower border goes across 1.1144/1.1185. The pattern width is measured on the chart at 73 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.1185 is broken, the price could continue its move toward 1.1200.

The Double Top pattern has been formed on GBPCHF M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1183 is broken, the downward movement will continue.