FX.co ★ Patterns USDCHF | US Dollar (USD) to Swiss Franc (CHF) Rate in the Forex market

According to the chart of M5, USDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8902 and support 0.8895. In case the resistance level 0.8902 - 0.8902 is broken, the instrument is likely to follow the bullish trend.

The Triple Bottom pattern has formed on the chart of USDCHF M15. Features of the pattern: The lower line of the pattern has coordinates 0.8977 with the upper limit 0.8977/0.8969, the projection of the width is 17 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.8960, the price is most likely to continue the upward movement.

According to the chart of M5, USDCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.9001 while the median line of the Neck is set at 0.9012/0.9013. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of USDCHF will go towards 0.9028.

The technical pattern called Head and Shoulders has appeared on the chart of USDCHF M30. There are weighty reasons to suggest that the price will surpass the Neckline 0.9009/0.9014 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.8984.

According to the chart of M30, USDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9030 and support 0.9009. In case the resistance level 0.9030 - 0.9030 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M15, USDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9030, the lower border is 0.9009. The signal means that a long position should be opened above the upper border 0.9030 of the Bullish Rectangle.

The Double Top reversal pattern has been formed on USDCHF M30. Characteristics: the upper boundary 0.9030; the lower boundary 0.9011; the width of the pattern is 18 points. Sell trades are better to be opened below the lower boundary 0.9011 with a possible movements towards the 0.8981 level.

According to the chart of M15, USDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.9004 and 0.8975 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 0.9004 is broken, the price is likely to continue its move by 0.9014.

The Triple Top pattern has formed on the chart of the USDCHF M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -12, and pattern’s width 16. Forecast If the price breaks through the support level 0.8979, it is likely to move further down to 0.8981.

According to the chart of M5, USDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.8924 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -21 pips.