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

The Bearish Flag pattern has been formed on EURCHF at M5. The lower boundary of the pattern is located at 0.9844/0.0000 while the upper boundary lies at 0.9842/0.0000. The projection of the flagpole is 21 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.9844 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the EURCHF M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.9850; the projection of the flagpole height is equal to 15 pips. In case the price breaks out the pattern’s bottom of 0.9850, the downtrend is expected to continue for further level 0.9817.

According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.9851 is likely to encourage a continuation of the downward trend.

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 0.9831/0.9834 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.9819.

The Triple Top pattern has formed on the chart of the EURCHF M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 1, support level -3, and pattern’s width 8. Forecast If the price breaks through the support level 0.9830, it is likely to move further down to 0.9827.

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 0.9847 is broken, the downward movement will continue.

The Double Top pattern has been formed on EURCHF M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9836 is broken, the downward movement will continue.

According to the chart of M5, EURCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.0000 and support 0.0000. In case the resistance level 0.9823 - 0.0000 is broken, the instrument is likely to follow the bullish trend.

The Double Bottom pattern has been formed on EURCHF M5. Characteristics: the support level 0.9793; the resistance level 0.9807; the width of the pattern 14 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 15 points.

The Double Top pattern has been formed on EURCHF H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9762 is broken, the downward movement will continue.