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 Inverse Head and Shoulder pattern. The Head’s top is set at 0.5604 while the median line of the Neck is found at 0.5597/0.5600. 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 0.5619

The Triple Bottom pattern has been formed on AUDCHF M5. It has the following characteristics: resistance level 0.5603/0.5602; support level 0.5599/0.5597; the width is 4 points. In the event of a breakdown of the resistance level of 0.5603, the price is likely to continue an upward movement at least to 0.5614.

The Double Bottom pattern has been formed on AUDCHF 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 0.5603 is broken. The further movements will rely on the width of the current pattern 4 points.

The Double Top reversal pattern has been formed on AUDCHF H1. Characteristics: the upper boundary 0.5621; the lower boundary 0.5604; the width of the pattern is 18 points. Sell trades are better to be opened below the lower boundary 0.5604 with a possible movements towards the 0.5564 level.

The Bullish pennant pattern is formed on the AUDCHF M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.5618, a further uptrend is possible.

According to the chart of M15, AUDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5572, the lower border is 0.5565. The signal means that a long position should be opened above the upper border 0.5572 of the Bullish Rectangle.

According to the chart of M5, AUDCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.5565 – 0.5565 and upper border 0.5572 – 0.5572. In case the upper border is broken, the instrument is likely to follow the upward trend.

On the chart of the AUDCHF M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.5589, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 12 points.

According to the chart of M5, AUDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5564/0.5570 and upper border is 0.5575/0.5570. The pattern width is measured on the chart at -11 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 AUDCHF breaches the lower border, the price could continue its move toward 0.5555.

The Double Bottom pattern has been formed on AUDCHF M15; the upper boundary is 0.5529; the lower boundary is 0.5509. The width of the pattern is 20 points. In case of a break of the upper boundary 0.5529, 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.