FX.co - Actual patterns. Instrument: EURCHF: 2

There is nothing more precious to a trader than an ability to predict a further price movement. Technical analysis is a key to your successful transaction. At the same time, you can rely on common and recurring situations that arise in the same circumstances. Our Technical Analysis Patterns section features all trading recommendations based on the technical analysis patterns that help traders make projections and turn a profit.

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Figure:

All

Triangle

Rectangle

Pennant

Flag

Head and Shoulders

Double Top

Triple top

Timeframe:

All

M5

M15

M30

H1

D1

Signal strength:

All

High

Medium

Low

Signal direction:

All

Buy

Sell

EURCHF

EURCHF M5

On the chart of EURCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9774; the lower boundary 0.9767; the width of the pattern 7 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9752 level.

2024-04-24T08:20:07

EURCHF M5

Bullish Rectangle

According to the chart of M5, EURCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.9751 – 0.9751 and upper border 0.9759 – 0.9759. In case the upper border is broken, the instrument is likely to follow the upward trend.

2024-04-23T21:37:05

EURCHF M15

On the chart of the EURCHF 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 0.9704, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 10 points.

2024-04-23T00:45:44

EURCHF M30

The Double Top reversal pattern has been formed on EURCHF M30. Characteristics: the upper boundary 0.9722; the lower boundary 0.9565; the width of the pattern is 160 points. Sell trades are better to be opened below the lower boundary 0.9565 with a possible movements towards the 0.9535 level.

2024-04-22T07:00:14

EURCHF M30

The Bullish Flag pattern has been formed on EURCHF at M30. The lower boundary of the pattern is located at 0.9706/0.9698, while the higher boundary lies at 0.9712/0.9704. The projection of the flagpole is 22 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.9712 is broken, the price will move further upwards.

2024-04-22T01:10:47

EURCHF M30

Bullish pennant

The Bullish pennant signal – Trading instrument EURCHF M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.9712, with the prospect of the next move being a projection of the flagpole height.

2024-04-22T01:10:41

EURCHF H1

The Double Top reversal pattern has been formed on EURCHF H1. Characteristics: the upper boundary 0.9719; the lower boundary 0.9709; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 0.9709 with a possible movements towards the 0.9669 level.

2024-04-18T08:00:45

EURCHF M30

The Triple Top pattern has formed on the chart of the EURCHF M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -5, and pattern’s width 10. Forecast If the price breaks through the support level 0.9709, it is likely to move further down to 0.9687.

2024-04-18T07:30:29

EURCHF M5

Bullish Rectangle

According to the chart of M5, EURCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9719, the lower border is 0.9712. The signal means that a long position should be opened above the upper border 0.9719 of the Bullish Rectangle.

2024-04-18T00:26:14

EURCHF M5

Head and Shoulders

The technical pattern called Head and Shoulders has appeared on the chart of EURCHF M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.9702/0.9702 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.9687.

2024-04-17T16:05:35