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

According to the chart of H1, EURCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.0992 is likely to encourage a continuation of the downward trend.

The Double Top reversal pattern has been formed on EURCHF M5. Characteristics: the upper boundary 1.1017; the lower boundary 1.1008; the width of the pattern is 8 points. Sell trades are better to be opened below the lower boundary 1.1008 with a possible movements towards the 1.0993 level.

The Double Bottom pattern has been formed on EURCHF M30. Characteristics: the support level 1.1005; the resistance level 1.1012; the width of the pattern 7 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 6 points.

The Triple Bottom pattern has formed on the chart of EURCHF M15. Features of the pattern: The lower line of the pattern has coordinates 1.1017 with the upper limit 1.1017/1.1012, the projection of the width is 12 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.1005, the price is most likely to continue the upward movement.

According to the chart of M15, EURCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.1025 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -12 pips.

On the chart of the EURCHF M5 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 1.1036, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 15 points.

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 1.1049 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on EURCHF M30. Characteristics: the support level 1.1049; the resistance level 1.1066; the width of the pattern 17 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 16 points.

The Double Top pattern has been formed on EURCHF M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1074 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on EURCHF M30; the upper boundary is 1.1096; the lower boundary is 1.1072. The width of the pattern is 25 points. In case of a break of the upper boundary 1.1096, 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.