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

The Double Bottom pattern has been formed on AUDCHF M15; the upper boundary is 0.5429; the lower boundary is 0.5419. The width of the pattern is 10 points. In case of a break of the upper boundary 0.5429, 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.

According to the chart of M5, AUDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5441/0.5435 whereas the lower border goes across 0.5430/0.5435. The pattern width is measured on the chart at 11 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5435 is broken, the price could continue its move toward 0.5450.

The Double Bottom pattern has been formed on AUDCHF M15. Characteristics: the support level 0.5418; the resistance level 0.5432; the width of the pattern 14 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 13 points.

The Bullish pennant graphic pattern has formed on the AUDCHF 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 0.5467.

According to the chart of M5, AUDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5397, the lower border is 0.5388. The signal means that a long position should be opened above the upper border 0.5397 of the Bullish Rectangle.

The Bearish pennant pattern has formed on the AUDCHF M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.5401 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

According to the chart of H1, AUDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5405/0.5448 whereas the upper border goes across 0.5478/0.5448. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDCHF will breach the upper border to head for 0.5488.

According to the chart of M30, AUDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.5478 and 0.5406 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 72 pips. Outlook: If the upper border 0.5478 is broken, the price is likely to continue its move by 0.5478.

The Double Bottom pattern has been formed on AUDCHF M5; the upper boundary is 0.5452; the lower boundary is 0.5446. The width of the pattern is 6 points. In case of a break of the upper boundary 0.5452, 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 AUDCHF M5. Characteristics: the support level 0.5447; the resistance level 0.5478; the width of the pattern 31 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 30 points.