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

According to the chart of H1, USDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9152 and support 0.9119. In case the resistance level 0.9152 - 0.9152 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M30, USDCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.9119 – 0.9119 and upper border 0.9152 – 0.9152. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M5, USDCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.9121 while the median line of the Neck is set at 0.9134/0.9132. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of USDCHF will go towards 0.9147.

The Bearish Flag pattern has been formed on USDCHF at M5. The lower boundary of the pattern is located at 0.9122/0.9128 while the upper boundary lies at 0.9126/0.9132. The projection of the flagpole is 12 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.9122 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the USDCHF M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.9122 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 Triple Top pattern has formed on the chart of the USDCHF H1 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 5, support level -20, and pattern’s width 33. Forecast If the price breaks through the support level 0.9119, it is likely to move further down to 0.9110.

The Double Top pattern has been formed on USDCHF H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9119 is broken, the downward movement will continue.

On the chart of the USDCHF 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 0.9105, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 16 points.

According to the chart of M15, USDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.9097/0.9113 whereas the upper border goes across 0.9129/0.9113. 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 0.9136.

According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.9128 and 0.9098 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 30 pips. Outlook: If the upper border 0.9128 is broken, the price is likely to continue its move by 0.9128.