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

According to the chart of H1, GBPCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.0590 is likely to encourage a continuation of the downward trend.

According to the chart of H1, GBPCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.0590 – 1.0590 and upper border 1.0632 – 1.0632. In case the lower border is broken, the instrument is likely to follow the downward trend.

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 1.0590 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -47 pips.

According to the chart of M30, GBPCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.0632 - 0.0000 and support 1.0590 – 1.0590. In case the resistance level 1.0590 - 1.0590 is broken, the instrument is likely to follow the bearish trend.

The Bearish pennant pattern has formed on the GBPCHF M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.0592; the projection of the flagpole height is equal to 53 pips. In case the price breaks out the pattern’s bottom of 1.0592, the downtrend is expected to continue for further level 1.0577.

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 1.0711 and support 1.0695. In case the resistance level 1.0711 - 1.0711 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.0699 and 1.0678 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 21 pips. Outlook: If the upper border 1.0699 is broken, the price is likely to continue its move by 1.0703.

According to the chart of M5, GBPCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.0647 is likely to encourage a continuation of the downward trend.

According to the chart of H1, GBPCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.0586 is likely to encourage a continuation of the downward trend.

According to the chart of M30, GBPCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.0586 is likely to encourage a continuation of the downward trend.