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

The Triple Top pattern has formed on the chart of the EURCHF M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 1, support level -7, and pattern’s width 13. Forecast If the price breaks through the support level 0.9303, it is likely to move further down to 0.9291.

The Triple Top pattern has formed on the chart of the EURCHF M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.9303/0.9310 with the upper limit 0.9316/0.9315; the projection of the width is 13 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 0.9303, the price is most likely to continue the downward movement.

The Bearish pennant pattern has formed on the EURCHF M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.9301; the projection of the flagpole height is equal to 7 pips. In case the price breaks out the pattern’s bottom of 0.9301, the downtrend is expected to continue for further level 0.9286.

The Triple Bottom pattern has formed on the chart of the EURCHF M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.9321/0.9316.

The Triple Bottom pattern has formed on the chart of EURCHF M15. Features of the pattern: The lower line of the pattern has coordinates 0.9322 with the upper limit 0.9322/0.9321, the projection of the width is 14 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.9308, the price is most likely to continue the upward movement.

On the chart of EURCHF H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9414; the lower boundary 0.9398; the width of the pattern 16 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9358 level.

The Double Top pattern has been formed on EURCHF M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9398 is broken, the downward movement will continue.

The Triple Bottom pattern has been formed on EURCHF M5. It has the following characteristics: resistance level 0.9412/0.9405; support level 0.9399/0.9398; the width is 13 points. In the event of a breakdown of the resistance level of 0.9412, the price is likely to continue an upward movement at least to 0.9413.

According to the chart of M30, EURCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.9385/0.9374 whereas the lower border goes across 0.9361/0.9374. The pattern width is measured on the chart at 24 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.9374 is broken, the price could continue its move toward 0.9404.

The EURCHF M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.9385, the Neckline and the upward angle are at 0.9373/0.9373. 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 EURCHF will go towards 0.9358.