FX.co ★ Patterns EURCHF | Euro (EUR) to Swiss Franc (CHF) Rate in the Forex market

The Double Top reversal pattern has been formed on EURCHF H1. Characteristics: the upper boundary 0.9249; the lower boundary 0.9229; the width of the pattern is 21 points. Sell trades are better to be opened below the lower boundary 0.9229 with a possible movements towards the 0.9189 level.

The EURCHF M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.9250, the Neckline and the upward angle are at 0.9232/0.9235. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of EURCHF will go towards 0.9212.

The Double Top reversal pattern has been formed on EURCHF M5. Characteristics: the upper boundary 0.9178; the lower boundary 0.9173; the width of the pattern is 5 points. Sell trades are better to be opened below the lower boundary 0.9173 with a possible movements towards the 0.9158 level.

The Double Bottom pattern has been formed on EURCHF M5; the upper boundary is 0.9178; the lower boundary is 0.9172. The width of the pattern is 6 points. In case of a break of the upper boundary 0.9178, 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, EURCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.9193 is likely to encourage a continuation of the downward trend.

The Double Top reversal pattern has been formed on EURCHF M5. Characteristics: the upper boundary 0.9248; the lower boundary 0.9235; the width of the pattern is 13 points. Sell trades are better to be opened below the lower boundary 0.9235 with a possible movements towards the 0.9220 level.

The Double Top pattern has been formed on EURCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9234 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on EURCHF M30. Characteristics: the upper boundary 0.9234; the lower boundary 0.9217; the width of the pattern is 17 points. Sell trades are better to be opened below the lower boundary 0.9217 with a possible movements towards the 0.9187 level.

According to the chart of M30, EURCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.9305 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -43 pips.

According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9305/0.9318 and upper border is 0.9337/0.9318. The pattern width is measured on the chart at -32 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 EURCHF breaches the lower border, the price could continue its move toward 0.9303.