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

According to the chart of M5, AUDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5279 and support 0.5269. In case the resistance level 0.5279 - 0.5279 is broken, the instrument is likely to follow the bullish trend.

The Double Bottom pattern has been formed on AUDCHF M5. Characteristics: the support level 0.5248; the resistance level 0.5254; the width of the pattern 6 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 6 points.

According to the chart of M15, AUDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5264/0.5254 whereas the lower border goes across 0.5247/0.5254. The pattern width is measured on the chart at 17 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5254 is broken, the price could continue its move toward 0.5276.

The Double Bottom pattern has been formed on AUDCHF M5; the upper boundary is 0.5250; the lower boundary is 0.5248. The width of the pattern is 2 points. In case of a break of the upper boundary 0.5250, 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 been formed on AUDCHF M30. It has the following characteristics: resistance level 0.5257/0.5252; support level 0.5246/0.5242; the width is 11 points. In the event of a breakdown of the resistance level of 0.5257, the price is likely to continue an upward movement at least to 0.5274.

The Double Bottom pattern has been formed on AUDCHF M15; the upper boundary is 0.5250; the lower boundary is 0.5244. The width of the pattern is 5 points. In case of a break of the upper boundary 0.5250, 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.

According to the chart of M5, AUDCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.5277 – 0.5277 and upper border 0.5285 – 0.5285. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M5, AUDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5294/0.5300 whereas the upper border goes across 0.5308/0.5300. 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 0.5315.

The Double Bottom pattern has been formed on AUDCHF M30. Characteristics: the support level 0.5297; the resistance level 0.5316; the width of the pattern 19 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 19 points.

According to the chart of M5, AUDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5306 while the median line of the Neck is found at 0.5300/0.5302. 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 0.5321