FX.co ★ Patterns AUDCHF | Australian Dollar (AUD) to Swiss Franc (CHF) Rate in the Forex market

On the chart of AUDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5258; the lower boundary 0.5245; the width of the pattern 13 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5222 level.

The technical pattern called Head and Shoulders has appeared on the chart of AUDCHF M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.5245/0.5246 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.5231.

According to the chart of M5, AUDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5248, the lower border is 0.5241. The signal means that a long position should be opened above the upper border 0.5248 of the Bullish Rectangle.

According to the chart of M15, AUDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5231, the lower border is 0.5223. The signal means that a short position should be opened after fixing a price below the lower border 0.5223 of the Bearish Rectangle.

The Triple Bottom pattern has been formed on AUDCHF M5. It has the following characteristics: resistance level 0.5238/0.5234; support level 0.5231/0.5231; the width is 7 points. In the event of a breakdown of the resistance level of 0.5238, the price is likely to continue an upward movement at least to 0.5245.

According to the chart of M5, AUDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5239, the lower border is 0.5230. The signal means that a long position should be opened above the upper border 0.5239 of the Bullish Rectangle.

According to the chart of M5, AUDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.5225 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -9 pips.

The Triple Bottom pattern has been formed on AUDCHF M15. It has the following characteristics: resistance level 0.5255/0.5251; support level 0.5245/0.5245; the width is 10 points. In the event of a breakdown of the resistance level of 0.5255, the price is likely to continue an upward movement at least to 0.5267.

The Double Top pattern has been formed on AUDCHF H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5254 is broken, the downward movement will continue.

The Bullish Flag pattern has been formed on AUDCHF at M5. The lower boundary of the pattern is located at 0.5242/0.5238, while the higher boundary lies at 0.5244/0.5240. The projection of the flagpole is 9 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.5244 is broken, the price will move further upwards.