FX.co ★ Patterns USDCHF | US Dollar (USD) to Swiss Franc (CHF) Rate in the Forex market
USDCHF M30
Bearish Symmetrical Triangle
According to the chart of M30, USDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.9030 is likely to encourage a continuation of the downward trend.
USDCHF M15
Bearish Symmetrical Triangle
According to the chart of M15, USDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9030/0.9067 and upper border is 0.9099/0.9067. The pattern width is measured on the chart at -69 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 USDCHF breaches the lower border, the price could continue its move toward 0.9044.
USDCHF M5
Head and Shoulders
The technical pattern called Head and Shoulders has appeared on the chart of USDCHF M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.9055/0.9059 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.9044.
USDCHF M5
Inverse Head and Shoulder
According to the chart of M5, USDCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.9039 while the median line of the Neck is set at 0.9046/0.9047. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of USDCHF will go towards 0.9062.
USDCHF M15
Double Bottom
The Double Bottom pattern has been formed on USDCHF M15. 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 0.9057 is broken. The further movements will rely on the width of the current pattern 18 points.
USDCHF M5
Bullish Rectangle
According to the chart of M5, USDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9050, the lower border is 0.9034. The signal means that a long position should be opened above the upper border 0.9050 of the Bullish Rectangle.
USDCHF M5
Double Top
The Double Top pattern has been formed on USDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8994 is broken, the downward movement will continue.
USDCHF M15
Double Top
On the chart of USDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9071; the lower boundary 0.9064; the width of the pattern 7 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9042 level.
USDCHF M5
Head and Shoulders
The USDCHF M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.9072, the Neckline and the upward angle are at 0.9065/0.9065. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of USDCHF will go towards 0.9050.
USDCHF M15
Double Top
On the chart of USDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9072; the lower boundary 0.9056; the width of the pattern 16 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9033 level.