FX.co ★ Patterns GBPCHF | British Pound (GBP) to Swiss Franc (CHF) Rate in the Forex market

According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.0729 and 1.0698 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 31 pips. Outlook: If the upper border 1.0729 is broken, the price is likely to continue its move by 1.0731.

The Double Bottom pattern has been formed on GBPCHF M15. Characteristics: the support level 1.0724; the resistance level 1.0738; the width of the pattern 14 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 14 points.

The Double Bottom pattern has been formed on GBPCHF M5. Characteristics: the support level 1.0725; the resistance level 1.0738; the width of the pattern 13 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 14 points.

According to the chart of M5, GBPCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.0747 – 1.0747 and upper border 1.0758 – 1.0758. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Bottom pattern has been formed on GBPCHF M5. 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 1.0718 is broken. The further movements will rely on the width of the current pattern 5 points.

According to the chart of M5, GBPCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.0730 and support 1.0717. In case the resistance level 1.0730 - 1.0730 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M5, GBPCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.0701 – 1.0701 and upper border 1.0711 – 1.0711. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart GBPCHF M5. Forecast: if the price breaks above the pattern high at 1.0709, then traders will be able to place a long deal with the target at 1.0724.

The Bullish pennant graphic pattern has formed on the GBPCHF 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 1.0724.

The Double Top reversal pattern has been formed on GBPCHF M30. Characteristics: the upper boundary 1.0685; the lower boundary 1.0667; the width of the pattern is 17 points. Sell trades are better to be opened below the lower boundary 1.0667 with a possible movements towards the 1.0637 level.