FX.co ★ Patterns AUDCHF | Australian Dollar (AUD) to Swiss Franc (CHF) Rate in the Forex market

According to the chart of M5, AUDCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.5159 – 0.5159 and upper border 0.5176 – 0.5176. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on AUDCHF 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 0.5176 is broken. The further movements will rely on the width of the current pattern 17 points.

According to the chart of H1, AUDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5074/0.5182 and upper border is 0.5328/0.5182. The pattern width is measured on the chart at -254 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 AUDCHF breaches the lower border, the price could continue its move toward 0.5142.

The Triple Bottom pattern has been formed on AUDCHF M5. It has the following characteristics: resistance level 0.5157/0.5146; support level 0.5118/0.5113; the width is 39 points. In the event of a breakdown of the resistance level of 0.5157, the price is likely to continue an upward movement at least to 0.5120.

The Double Top pattern has been formed on AUDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5149 is broken, the downward movement will continue.

According to the chart of M5, AUDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5177 and support 0.5149. In case the resistance level 0.5177 - 0.5177 is broken, the instrument is likely to follow the bullish trend.

The Double Top pattern has been formed on AUDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5150 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on AUDCHF H1; the upper boundary is 0.5174; the lower boundary is 0.5074. The width of the pattern is 105 points. In case of a break of the upper boundary 0.5174, 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 Double Bottom pattern has been formed on AUDCHF M30. Characteristics: the support level 0.5069; the resistance level 0.5174; the width of the pattern 105 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 100 points.

The Bearish pennant pattern has formed on the AUDCHF M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.5125; the projection of the flagpole height is equal to 80 pips. In case the price breaks out the pattern’s bottom of 0.5125, the downtrend is expected to continue for further level 0.5102.