FX.co ★ Patterns GBPCHF | British Pound (GBP) to Swiss Franc (CHF) Rate in the Forex market

According to M15, GBPCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.1224/1.1233 is broken out, the instrument is likely to move toward 1.1256.

According to the chart of M5, GBPCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.1226 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -12 pips.

The Double Bottom pattern has been formed on GBPCHF 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 1.1342 is broken. The further movements will rely on the width of the current pattern 25 points.

The Double Bottom pattern has been formed on GBPCHF M30. Characteristics: the support level 1.1317; the resistance level 1.1342; the width of the pattern 25 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 25 points.

The Triple Top pattern has formed on the chart of the GBPCHF M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.1353/1.1359 with the upper limit 1.1365/1.1366; 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 1.1353, the price is most likely to continue the downward movement.

The Double Bottom pattern has been formed on GBPCHF 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 1.1342 is broken. The further movements will rely on the width of the current pattern 4 points.

The Double Top pattern has been formed on GBPCHF M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1362 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on GBPCHF M15. Characteristics: the upper boundary 1.1391; the lower boundary 1.1362; the width of the pattern is 30 points. Sell trades are better to be opened below the lower boundary 1.1362 with a possible movements towards the 1.1339 level.

On the chart of GBPCHF M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1348; the lower boundary 1.1331; the width of the pattern 17 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.1301 level.

On the chart of GBPCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1348; the lower boundary 1.1331; the width of the pattern 17 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.1308 level.