FX.co ★ Patterns EURCHF | Euro (EUR) to Swiss Franc (CHF) Rate in the Forex market

The Bullish pennant graphic pattern has formed on the EURCHF 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 0.9409.

The Double Top reversal pattern has been formed on EURCHF M5. Characteristics: the upper boundary 0.9395; the lower boundary 0.9384; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 0.9384 with a possible movements towards the 0.9369 level.

According to the chart of M15, EURCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9348, the lower border is 0.9337. The signal means that a short position should be opened after fixing a price below the lower border 0.9337 of the Bearish Rectangle.

According to the chart of M5, EURCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9347, the lower border is 0.9337. The signal means that a short position should be opened after fixing a price below the lower border 0.9337 of the Bearish Rectangle.

According to the chart of M30, EURCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.9380 and 0.9358 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 22 pips. Outlook: If the upper border 0.9380 is broken, the price is likely to continue its move by 0.9398.

The Double Top reversal pattern has been formed on EURCHF M5. Characteristics: the upper boundary 0.9349; the lower boundary 0.9339; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 0.9339 with a possible movements towards the 0.9324 level.

The Triple Bottom pattern has formed on the chart of EURCHF H1. Features of the pattern: The lower line of the pattern has coordinates 0.9371 with the upper limit 0.9371/0.9363, the projection of the width is 37 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 0.9334, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on EURCHF 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 0.9344 is broken. The further movements will rely on the width of the current pattern 8 points.

According to the chart of M5, EURCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9344 - 0.0000 and support 0.9336 – 0.9336. In case the resistance level 0.9336 - 0.9336 is broken, the instrument is likely to follow the bearish trend.

The Double Top pattern has been formed on EURCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9335 is broken, the downward movement will continue.