FX.co ★ Patterns USDCHF | US Dollar (USD) to Swiss Franc (CHF) Rate in the Forex market

The technical pattern called Head and Shoulders has appeared on the chart of USDCHF M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.8860/0.8861 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.8846.

The technical pattern called Head and Shoulders has appeared on the chart of USDCHF M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.8868/0.8868 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.8853.

According to the chart of M5, USDCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.8840 while the median line of the Neck is set at 0.8854/0.8855. 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 USDCHF will go towards 0.8870.

The Double Top reversal pattern has been formed on USDCHF H1. Characteristics: the upper boundary 0.8888; the lower boundary 0.8850; the width of the pattern is 37 points. Sell trades are better to be opened below the lower boundary 0.8850 with a possible movements towards the 0.8810 level.

On the chart of USDCHF H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8887; the lower boundary 0.8850; the width of the pattern 37 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8810 level.

The USDCHF M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.8887, the Neckline and the upward angle are at 0.8876/0.8878. 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 USDCHF will go towards 0.8863.

The Double Top reversal pattern has been formed on USDCHF M30. Characteristics: the upper boundary 0.8888; the lower boundary 0.8850; the width of the pattern is 37 points. Sell trades are better to be opened below the lower boundary 0.8850 with a possible movements towards the 0.8820 level.

The Double Top pattern has been formed on USDCHF M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8850 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on USDCHF M15. Characteristics: the upper boundary 0.8826; the lower boundary 0.8806; the width of the pattern is 19 points. Sell trades are better to be opened below the lower boundary 0.8806 with a possible movements towards the 0.8784 level.

According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.8818 and 0.8794 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 24 pips. Outlook: If the upper border 0.8818 is broken, the price is likely to continue its move by 0.8821.