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The Triple Top pattern has formed on the chart of the EURCHF M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -3, support level -21, and pattern’s width 20. Forecast If the price breaks through the support level 0.9544, it is likely to move further down to 0.9553.

According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9519/0.9526 and upper border is 0.9534/0.9526. The pattern width is measured on the chart at -15 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 EURCHF breaches the lower border, the price could continue its move toward 0.9511.

The Triple Bottom pattern has formed on the chart of EURCHF M5. Features of the pattern: The lower line of the pattern has coordinates 0.9536 with the upper limit 0.9536/0.9530, the projection of the width is 15 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 0.9521, the price is most likely to continue the upward movement.

The Bullish pennant pattern is formed on the EURCHF M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.9519, a further uptrend is possible.

According to the chart of M5, EURCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.9535/0.9531 whereas the lower border goes across 0.9527/0.9531. The pattern width is measured on the chart at 8 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.9531 is broken, the price could continue its move toward 0.9546.

According to the chart of M5, EURCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.9515/0.9522 whereas the upper border goes across 0.9530/0.9522. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of EURCHF will breach the upper border to head for 0.9537.

According to the chart of M5, EURCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.9511 while the median line of the Neck is set at 0.9529/0.9527. 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 0.9542.

The Double Bottom pattern has been formed on EURCHF H1; the upper boundary is 0.9545; the lower boundary is 0.9527. The width of the pattern is 17 points. In case of a break of the upper boundary 0.9545, 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 Triple Bottom pattern has formed on the chart of the EURCHF M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.9549/0.9547.

According to the chart of M30, EURCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9549 - 0.0000 and support 0.9528 – 0.9528. In case the resistance level 0.9528 - 0.9528 is broken, the instrument is likely to follow the bearish trend.