FX.co ★ Patterns AUDCHF | Australian Dollar (AUD) to Swiss Franc (CHF) Rate in the Forex market

On the chart of AUDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5711; the lower boundary 0.5704; the width of the pattern 7 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5689 level.

The Double Top pattern has been formed on AUDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5743 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on AUDCHF M15. Characteristics: the upper boundary 0.5755; the lower boundary 0.5742; the width of the pattern is 14 points. Sell trades are better to be opened below the lower boundary 0.5742 with a possible movements towards the 0.5720 level.

According to the chart of M5, AUDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5743/0.5747 whereas the upper border goes across 0.5750/0.5747. 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 AUDCHF will breach the upper border to head for 0.5762.

The AUDCHF M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.5747, the Neckline and the upward angle are at 0.5740/0.5741. 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 AUDCHF will go towards 0.5726.

According to the chart of H1, AUDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5745 while the median line of the Neck is found at 0.5712/0.5724. 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 AUDCHF will go towards 0.5785

According to the chart of H1, AUDCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.5712 while the median line of the Neck is set at 0.5745/0.5745. 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 AUDCHF will go towards 0.5785.

The Bullish Flag pattern has been formed on the chart AUDCHF M5 which signals that the upward trend will continue. Signals: а break of the peak at 0.5738 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant graphic pattern has formed on the AUDCHF M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 0.5753.

The Double Bottom pattern has been formed on AUDCHF H1. 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 0.5733 is broken. The further movements will rely on the width of the current pattern 19 points.