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

The Triple Bottom pattern has formed on the chart of USDCHF M15. Features of the pattern: The lower line of the pattern has coordinates 0.7824 with the upper limit 0.7824/0.7823, the projection of the width is 7 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 0.7817, the price is most likely to continue the upward movement.

The Bearish pennant pattern has formed on the USDCHF M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.7816; the projection of the flagpole height is equal to 33 pips. In case the price breaks out the pattern’s bottom of 0.7816, the downtrend is expected to continue for further level 0.7786.

According to the chart of M5, USDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.7845 - 0.0000 and support 0.7837 – 0.7837. In case the resistance level 0.7837 - 0.7837 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M5, USDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.7868 - 0.0000 and support 0.7859 – 0.7859. In case the resistance level 0.7859 - 0.7859 is broken, the instrument is likely to follow the bearish trend.

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 0.7861 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -15 pips.

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 0.7869 is broken. The further movements will rely on the width of the current pattern 6 points.

The Triple Top pattern has formed on the chart of the USDCHF M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 3, support level -8, and pattern’s width 22. Forecast If the price breaks through the support level 0.7883, it is likely to move further down to 0.7878.

The Double Top reversal pattern has been formed on USDCHF M30. Characteristics: the upper boundary 0.7872; the lower boundary 0.7859; the width of the pattern is 13 points. Sell trades are better to be opened below the lower boundary 0.7859 with a possible movements towards the 0.7829 level.

According to the chart of H1, USDCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.7827 while the median line of the Neck is found at 0.7798/0.7810. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of USDCHF will go towards 0.7770.

According to the chart of H1, USDCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.7827 while the median line of the Neck is found at 0.7798/0.7810. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of USDCHF will go towards 0.7770.