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

According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.9304 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -14 pips.

According to the chart of M5, EURCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.9304 – 0.9304 and upper border 0.9318 – 0.9318. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on EURCHF M5. Characteristics: the support level 0.9304; the resistance level 0.9318; the width of the pattern 14 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 13 points.

According to the chart of H1, EURCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.9303 while the median line of the Neck is set at 0.9369/0.9358. 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 EURCHF will go towards 0.9398.

According to the chart of H1, EURCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.9358 while the median line of the Neck is found at 0.9303/0.9352. 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 0.9398

The Triple Bottom pattern has been formed on EURCHF M15. It has the following characteristics: resistance level 0.9367/0.9354; support level 0.9349/0.9345; the width is 18 points. In the event of a breakdown of the resistance level of 0.9367, the price is likely to continue an upward movement at least to 0.9370.

The Triple Bottom pattern has been formed on EURCHF M15. It has the following characteristics: resistance level 0.9367/0.9354; support level 0.9349/0.9345; the width is 18 points. In the event of a breakdown of the resistance level of 0.9367, the price is likely to continue an upward movement at least to 0.9370.

The Triple Bottom pattern has formed on the chart of EURCHF M15. Features of the pattern: The lower line of the pattern has coordinates 0.9367 with the upper limit 0.9367/0.9354, the projection of the width is 18 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 0.9349, the price is most likely to continue the upward movement.

The Double Top reversal pattern has been formed on EURCHF M5. Characteristics: the upper boundary 0.9361; the lower boundary 0.9354; the width of the pattern is 7 points. Sell trades are better to be opened below the lower boundary 0.9354 with a possible movements towards the 0.9339 level.

According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.9338 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -22 pips.