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

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 0.8044 is broken, the downward movement will continue.

According to the chart of M5, USDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8044/0.8052 and upper border is 0.8060/0.8052. The pattern width is measured on the chart at -16 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 0.8037.

According to the chart of M15, USDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.8045 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -15 pips.

According to the chart of M5, USDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8044/0.8051 and upper border is 0.8061/0.8051. The pattern width is measured on the chart at -17 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 0.8036.

The Triple Bottom pattern has formed on the chart of the USDCHF M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.8053/0.8050.

According to the chart of H1, USDCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.8009 while the median line of the Neck is set at 0.8046/0.8038. 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 0.8078.

The Double Bottom pattern has been formed on USDCHF H1. Characteristics: the support level 0.8009; the resistance level 0.8046; the width of the pattern 37 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 37 points.

According to M5, USDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.8023/0.8024 is broken out, the instrument is likely to move toward 0.8039.

The Double Bottom pattern has been formed on USDCHF 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 0.8031 is broken. The further movements will rely on the width of the current pattern 14 points.

According to the chart of M5, USDCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.8087 – 0.8087 and upper border 0.8094 – 0.8094. In case the upper border is broken, the instrument is likely to follow the upward trend.