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According to the chart of M15, USDCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.8929 – 0.8929 and upper border 0.8951 – 0.8951. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M5, USDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8947 while the median line of the Neck is found at 0.8931/0.8940. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of USDCHF will go towards 0.8962

According to the chart of M5, USDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8950, the lower border is 0.8942. The signal means that a short position should be opened after fixing a price below the lower border 0.8942 of the Bearish Rectangle.

According to the chart of M5, USDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8983, the lower border is 0.8967. The signal means that a long position should be opened above the upper border 0.8983 of the Bullish Rectangle.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart USDCHF M5. Forecast: if the price breaks above the pattern high at 0.8997, then traders will be able to place a long deal with the target at 0.9012.

On the chart of USDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8942; the lower boundary 0.8931; the width of the pattern 11 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8909 level.

The Triple Bottom pattern has formed on the chart of USDCHF M30. Features of the pattern: The lower line of the pattern has coordinates 0.8929 with the upper limit 0.8929/0.8928, 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 0.8914, the price is most likely to continue the upward movement.

The Double Top reversal pattern has been formed on USDCHF M30. Characteristics: the upper boundary 0.8947; the lower boundary 0.8921; the width of the pattern is 26 points. Sell trades are better to be opened below the lower boundary 0.8921 with a possible movements towards the 0.8891 level.

The Bullish pennant pattern is formed on the USDCHF H1 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.8925, a further uptrend is possible.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart USDCHF M5. Forecast: if the price breaks above the pattern high at 0.8903, then traders will be able to place a long deal with the target at 0.8918.