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

The Bullish Flag pattern has been formed on the chart AUDCHF M5 which signals that the upward trend will continue. Signals: а break of the peak at 0.5910 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant signal – Trading instrument AUDCHF M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.5870, with the prospect of the next move being a projection of the flagpole height.

The Triple Top pattern has formed on the chart of the AUDCHF M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.5819/0.5830 with the upper limit 0.5836/0.5845; the projection of the width is 17 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 0.5819, the price is most likely to continue the downward movement.

According to the chart of M30, AUDCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.5742 while the median line of the Neck is set at 0.5862/0.5843. 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 AUDCHF will go towards 0.5873.

The Double Top pattern has been formed on AUDCHF M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5819 is broken, the downward movement will continue.

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 0.5819 – 0.5819 and upper border 0.5836 – 0.5836. 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 0.5854, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 11 points.

The Double Top reversal pattern has been formed on AUDCHF M15. Characteristics: the upper boundary 0.5865; the lower boundary 0.5854; the width of the pattern is 11 points. Sell trades are better to be opened below the lower boundary 0.5854 with a possible movements towards the 0.5832 level.

According to the chart of M30, AUDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5878/0.5896 and upper border is 0.5908/0.5896. The pattern width is measured on the chart at -30 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 0.5866.

The Double Top pattern has been formed on AUDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5887 is broken, the downward movement will continue.