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

The Bullish Flag pattern has been formed on GBPCHF at M5. The lower boundary of the pattern is located at 1.0607/1.0603, while the higher boundary lies at 1.0609/1.0605. The projection of the flagpole is 10 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 1.0609 is broken, the price will move further upwards.

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 1.0624.

The Double Top reversal pattern has been formed on GBPCHF M5. Characteristics: the upper boundary 1.0608; the lower boundary 1.0601; the width of the pattern is 7 points. Sell trades are better to be opened below the lower boundary 1.0601 with a possible movements towards the 1.0586 level.

According to the chart of M5, GBPCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.0583 – 1.0583 and upper border 1.0597 – 1.0597. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M15, GBPCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.0597 - 0.0000 and support 1.0583 – 1.0583. In case the resistance level 1.0583 - 1.0583 is broken, the instrument is likely to follow the bearish trend.

The Bearish Flag pattern has been formed on the chart GBPCHF M5 which signals that the downward trend will continue. If the price breaks below the low at 1.0551, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (10 points).

According to the chart of M15, GBPCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.0573 and 1.0544 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 29 pips. Outlook: If the upper border 1.0573 is broken, the price is likely to continue its move by 1.0582.

The Bullish Flag pattern has been formed on GBPCHF at M5. The lower boundary of the pattern is located at 1.0590/1.0586, while the higher boundary lies at 1.0594/1.0590. The projection of the flagpole is 13 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 1.0594 is broken, the price will move further upwards.

The Bullish pennant pattern is formed on the GBPCHF M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 1.0594, a further uptrend is possible.

The Double Top reversal pattern has been formed on GBPCHF M30. Characteristics: the upper boundary 1.0466; the lower boundary 1.0436; the width of the pattern is 31 points. Sell trades are better to be opened below the lower boundary 1.0436 with a possible movements towards the 1.0406 level.