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

According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8180/0.8170 whereas the lower border goes across 0.8156/0.8170. The pattern width is measured on the chart at 24 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8170 is broken, the price could continue its move toward 0.8185.

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 0.8157 – 0.8157 and upper border 0.8180 – 0.8180. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8083/0.8098 whereas the upper border goes across 0.8116/0.8098. 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 USDCHF will breach the upper border to head for 0.8113.

On the chart of USDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8098; the lower boundary 0.8072; the width of the pattern 26 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8057 level.

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 0.8174 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 0.8182/0.8188 and upper border is 0.8195/0.8188. The pattern width is measured on the chart at -13 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 0.8173.

According to the chart of M5, USDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8194, the lower border is 0.8182. The signal means that a short position should be opened after fixing a price below the lower border 0.8182 of the Bearish Rectangle.

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 0.8194 is broken. The further movements will rely on the width of the current pattern 12 points.

According to the chart of M5, USDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8138, the lower border is 0.8120. The signal means that a short position should be opened after fixing a price below the lower border 0.8120 of the Bearish Rectangle.

According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8198/0.8221 whereas the upper border goes across 0.8238/0.8221. 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 USDCHF will breach the upper border to head for 0.8236.