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

The Double Bottom pattern has been formed on EURCHF M5; the upper boundary is 0.9133; the lower boundary is 0.9129. The width of the pattern is 4 points. In case of a break of the upper boundary 0.9133, 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 H1, EURCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9155, the lower border is 0.9139. The signal means that a long position should be opened above the upper border 0.9155 of the Bullish Rectangle.

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 0.9145 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on EURCHF M15; the upper boundary is 0.9131; the lower boundary is 0.9102. The width of the pattern is 28 points. In case of a break of the upper boundary 0.9131, 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.

The Bearish Flag pattern has been formed on the chart EURCHF M30 which signals that the downward trend will continue. If the price breaks below the low at 0.9134, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (20 points).

The Bearish pennant pattern has formed on the EURCHF M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.9134 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 Double Bottom pattern has been formed on EURCHF M15; the upper boundary is 0.9143; the lower boundary is 0.9135. The width of the pattern is 9 points. In case of a break of the upper boundary 0.9143, 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.

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 -1, support level -7, and pattern’s width 19. Forecast If the price breaks through the support level 0.9149, it is likely to move further down to 0.9137.

The Triple Top pattern has formed on the chart of the EURCHF M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.9154/0.9156 with the upper limit 0.9168/0.9169; the projection of the width is 14 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 0.9154, the price is most likely to continue the downward movement.

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 0.9149 is broken, the downward movement will continue.