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 Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5597, the lower border is 0.5584. The signal means that a long position should be opened above the upper border 0.5597 of the Bullish Rectangle.

The Triple Top pattern has formed on the chart of the AUDCHF M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.5585/0.5590 with the upper limit 0.5597/0.5595; the projection of the width is 12 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.5585, the price is most likely to continue the downward movement.

The Double Top reversal pattern has been formed on AUDCHF M5. Characteristics: the upper boundary 0.5597; the lower boundary 0.5585; the width of the pattern is 12 points. Sell trades are better to be opened below the lower boundary 0.5585 with a possible movements towards the 0.5570 level.

According to the chart of M5, AUDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5594 while the median line of the Neck is found at 0.5581/0.5586. 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 AUDCHF will go towards 0.5609

The Double Bottom pattern has been formed on AUDCHF M5. Characteristics: the support level 0.5587; the resistance level 0.5597; the width of the pattern 10 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 10 points.

The Triple Bottom pattern has formed on the chart of the AUDCHF M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.5609/0.5608.

According to the chart of M15, AUDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.5586 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -32 pips.

According to the chart of M30, AUDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5586 is likely to encourage a continuation of the downward trend.

The Bullish pennant pattern is formed on the AUDCHF M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.5654, a further uptrend is possible.

The Bearish pennant pattern has formed on the AUDCHF M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 0.5676, a trader will be able to successfully enter the sell position.