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

According to the chart of M5, GBPCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.1120 – 1.1120 and upper border 1.1131 – 1.1131. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M5, GBPCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.1202/1.1232 and upper border is 1.1269/1.1232. The pattern width is measured on the chart at -67 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 GBPCHF breaches the lower border, the price could continue its move toward 1.1217.

The Bearish pennant pattern has formed on the GBPCHF M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.1203 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The technical pattern called Head and Shoulders has appeared on the chart of GBPCHF M30. There are weighty reasons to suggest that the price will surpass the Neckline 1.1267/1.1271 after the right shoulder has been formed. So, the trend is set to change with the price heading for 1.1241.

The Double Bottom pattern has been formed on GBPCHF M5. Characteristics: the support level 1.1222; the resistance level 1.1230; the width of the pattern 8 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 8 points.

The Double Bottom pattern has been formed on GBPCHF M5; the upper boundary is 1.1247; the lower boundary is 1.1237. The width of the pattern is 11 points. In case of a break of the upper boundary 1.1247, 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.

The Bullish pennant pattern is formed on the GBPCHF H1 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 1.1276, a further uptrend is possible.

According to the chart of M15, GBPCHF formed the Head and Shoulders pattern. The Head’s top is set at 1.1263 while the median line of the Neck is found at 1.1241/1.1242. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPCHF will go towards 1.1220.

The Bullish pennant pattern is formed on the GBPCHF H1 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 1.1263, a further uptrend is possible.

According to the chart of M30, GBPCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.1188/1.1226 and upper border is 1.1272/1.1226. The pattern width is measured on the chart at -84 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 GBPCHF breaches the lower border, the price could continue its move toward 1.1196.