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

The Double Top reversal pattern has been formed on EURCHF M15. Characteristics: the upper boundary 0.9429; the lower boundary 0.9417; the width of the pattern is 11 points. Sell trades are better to be opened below the lower boundary 0.9417 with a possible movements towards the 0.9395 level.

According to the chart of H1, EURCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.9383 – 0.9383 and upper border 0.9413 – 0.9413. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M30, EURCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.9383 – 0.9383 and upper border 0.9413 – 0.9413. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Bottom pattern has been formed on EURCHF M15. Characteristics: the support level 0.9386; the resistance level 0.9413; the width of the pattern 27 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 29 points.

According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9349/0.9376 and upper border is 0.9416/0.9376. 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 EURCHF breaches the lower border, the price could continue its move toward 0.9361.

The Double Top reversal pattern has been formed on EURCHF M15. Characteristics: the upper boundary 0.9376; the lower boundary 0.9367; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 0.9367 with a possible movements towards the 0.9344 level.

The Double Top pattern has been formed on EURCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9363 is broken, the downward movement will continue.

According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.9305 is likely to encourage a continuation of the downward trend.

The Bullish Flag pattern has been formed on the chart EURCHF M5 which signals that the upward trend will continue. Signals: а break of the peak at 0.9295 may push the price higher, and the rise will be the projection of the pole.

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 0.9295, a further uptrend is possible.