FX.co ★ Patterns EURCHF | Euro (EUR) to Swiss Franc (CHF) Rate in the Forex market

The Double Top pattern has been formed on EURCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9299 is broken, the downward movement will continue.

The technical pattern called Head and Shoulders has appeared on the chart of EURCHF M15. There are weighty reasons to suggest that the price will surpass the Neckline 0.9278/0.9279 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.9257.

The Bullish pennant pattern is formed on the EURCHF M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.9326, a further uptrend is possible.

The Double Top pattern has been formed on EURCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9269 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on EURCHF M5; the upper boundary is 0.9283; the lower boundary is 0.9259. The width of the pattern is 24 points. In case of a break of the upper boundary 0.9283, 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.

According to the chart of M15, EURCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.9238 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -67 pips.

The Double Bottom pattern has been formed on EURCHF M5; the upper boundary is 0.9263; the lower boundary is 0.9249. The width of the pattern is 14 points. In case of a break of the upper boundary 0.9263, 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.

According to the chart of M5, EURCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9263 - 0.0000 and support 0.9249 – 0.9249. In case the resistance level 0.9249 - 0.9249 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M30, EURCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.9269 while the median line of the Neck is found at 0.9229/0.9253. 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 EURCHF will go towards 0.9299

The Double Bottom pattern has been formed on EURCHF H1. Characteristics: the support level 0.9232; the resistance level 0.9282; the width of the pattern 50 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 53 points.