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

According to the chart of H1, USDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.7868/0.7896 and upper border is 0.7927/0.7896. The pattern width is measured on the chart at -59 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and USDCHF breaches the lower border, the price could continue its move toward 0.7856.

According to the chart of H1, USDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.7868/0.7896 and upper border is 0.7927/0.7896. The pattern width is measured on the chart at -59 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and USDCHF breaches the lower border, the price could continue its move toward 0.7856.

According to M30, USDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.7911/0.7905 is broken out, the instrument is likely to move toward 0.7935.

According to the chart of M5, USDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.7879/0.7896 and upper border is 0.7915/0.7896. The pattern width is measured on the chart at -36 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and USDCHF breaches the lower border, the price could continue its move toward 0.7881.

The Double Top pattern has been formed on USDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8000 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on USDCHF M15. Characteristics: the upper boundary 0.8012; the lower boundary 0.8004; the width of the pattern is 7 points. Sell trades are better to be opened below the lower boundary 0.8004 with a possible movements towards the 0.7982 level.

The USDCHF M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.8041, the Neckline and the upward angle are at 0.7990/0.7998. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of USDCHF will go towards 0.7976.

The Double Top pattern has been formed on USDCHF H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.7972 is broken, the downward movement will continue.

The Double Top pattern has been formed on USDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.7940 is broken, the downward movement will continue.

The Double Top pattern has been formed on USDCHF M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.7945 is broken, the downward movement will continue.