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

According to the chart of M5, AUDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.5322 and 0.5311 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 11 pips. Outlook: If the upper border 0.5322 is broken, the price is likely to continue its move by 0.5332.

The Triple Top pattern has formed on the chart of the AUDCHF D1. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.5242/0.5332 with the upper limit 0.5368/0.5387; the projection of the width is 126 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.5242, the price is most likely to continue the downward movement.

The Triple Bottom pattern has formed on the chart of the AUDCHF M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.5327/0.5320.

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 0.5334 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.

The Double Top reversal pattern has been formed on AUDCHF M30. Characteristics: the upper boundary 0.5387; the lower boundary 0.5376; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 0.5376 with a possible movements towards the 0.5346 level.

According to the chart of M5, AUDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5387 and support 0.5379. In case the resistance level 0.5387 - 0.5387 is broken, the instrument is likely to follow the bullish trend.

The Triple Top pattern has formed on the chart of the AUDCHF M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 1, support level -1, and pattern’s width 7. Forecast If the price breaks through the support level 0.5380, it is likely to move further down to 0.5371.

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 0.5387/0.5383 whereas the lower border goes across 0.5380/0.5383. The pattern width is measured on the chart at 7 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5383 is broken, the price could continue its move toward 0.5398.

According to the chart of M15, AUDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.5332 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -21 pips.

According to the chart of M15, AUDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5349 while the median line of the Neck is found at 0.5332/0.5344. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of AUDCHF will go towards 0.5372