FX.co ★ Patterns USDCHF | US Dollar (USD) to Swiss Franc (CHF) Rate in the Forex market

According to the chart of M30, USDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8861/0.8849 whereas the lower border goes across 0.8832/0.8849. The pattern width is measured on the chart at 29 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8849 is broken, the price could continue its move toward 0.8879.

The Double Bottom pattern has been formed on USDCHF H1. 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 0.8841 is broken. The further movements will rely on the width of the current pattern 17 points.

According to the chart of M15, USDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.8824 is likely to encourage a continuation of the downward trend.

The Triple Bottom pattern has formed on the chart of the USDCHF M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.8864/0.8859.

The Double Bottom pattern has been formed on USDCHF M5. Characteristics: the support level 0.8850; the resistance level 0.8864; the width of the pattern 14 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 13 points.

According to the chart of M5, USDCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.8867 while the median line of the Neck is set at 0.8876/0.8874. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of USDCHF will go towards 0.8889.

According to the chart of M5, USDCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.8867 while the median line of the Neck is set at 0.8881/0.8880. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of USDCHF will go towards 0.8895.

According to the chart of M5, USDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8895 - 0.0000 and support 0.8890 – 0.8890. In case the resistance level 0.8890 - 0.8890 is broken, the instrument is likely to follow the bearish trend.

The Bearish Flag pattern has been formed on the chart USDCHF M5 which signals that the downward trend will continue. If the price breaks below the low at 0.8891, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (10 points).

The Double Bottom pattern has been formed on USDCHF M5. Characteristics: the support level 0.8868; the resistance level 0.8881; the width of the pattern 13 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 13 points.