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

The Double Bottom pattern has been formed on GBPCHF M15. Characteristics: the support level 1.1112; the resistance level 1.1122; the width of the pattern 10 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 9 points.

The Double Bottom pattern has been formed on GBPCHF M5; the upper boundary is 1.1120; the lower boundary is 1.1113. The width of the pattern is 7 points. In case of a break of the upper boundary 1.1120, 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 M30, GBPCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.1080 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -95 pips.

On the chart of GBPCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1152; the lower boundary 1.1113; the width of the pattern 39 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.1091 level.

According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.1108/1.1120 whereas the upper border goes across 1.1131/1.1120. 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 GBPCHF will breach the upper border to head for 1.1135.

The Double Bottom pattern has been formed on GBPCHF M30. 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 1.1094 is broken. The further movements will rely on the width of the current pattern 13 points.

The Double Bottom pattern has been formed on GBPCHF M15. Characteristics: the support level 1.1081; the resistance level 1.1094; 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 12 points.

The Double Bottom pattern has been formed on GBPCHF M15; the upper boundary is 1.1091; the lower boundary is 1.1081. The width of the pattern is 10 points. In case of a break of the upper boundary 1.1091, 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 Double Bottom pattern has been formed on GBPCHF M5. Characteristics: the support level 1.1081; the resistance level 1.1091; the width of the pattern 10 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 10 points.

On the chart of GBPCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1137; the lower boundary 1.1122; the width of the pattern 15 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.1099 level.