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

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 0.9546 is broken, the downward movement will continue.

According to the chart of M5, EURCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.9465 and 0.9441 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 24 pips. Outlook: If the upper border 0.9465 is broken, the price is likely to continue its move by 0.9470.

The Bullish pennant graphic pattern has formed on the EURCHF M30 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 0.9480.

According to the chart of M15, EURCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.9377 while the median line of the Neck is found at 0.9345/0.9367. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of EURCHF will go towards 0.9399

According to M5, EURCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.9381/0.9377 is broken out, the instrument is likely to move toward 0.9392.

On the chart of EURCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9381; the lower boundary 0.9366; the width of the pattern 15 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9351 level.

The Double Bottom pattern has been formed on EURCHF M30; the upper boundary is 0.9382; the lower boundary is 0.9361. The width of the pattern is 20 points. In case of a break of the upper boundary 0.9382, 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 EURCHF M15. 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 0.9382 is broken. The further movements will rely on the width of the current pattern 20 points.

The Double Bottom pattern has been formed on EURCHF M5. 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 0.9370 is broken. The further movements will rely on the width of the current pattern 8 points.

The Triple Bottom pattern has been formed on EURCHF M15. It has the following characteristics: resistance level 0.9407/0.9398; support level 0.9384/0.9382; the width is 23 points. In the event of a breakdown of the resistance level of 0.9407, the price is likely to continue an upward movement at least to 0.9408.