FX.co ★ Patterns GBPCHF | British Pound (GBP) to Swiss Franc (CHF) Rate in the Forex market

According to the chart of M5, GBPCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.0829 - 0.0000 and support 1.0814 – 1.0814. In case the resistance level 1.0814 - 1.0814 is broken, the instrument is likely to follow the bearish trend.

The Double Bottom pattern has been formed on GBPCHF M5. Characteristics: the support level 1.0815; the resistance level 1.0829; 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.

According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.0878/1.0863 whereas the lower border goes across 1.0849/1.0863. The pattern width is measured on the chart at 29 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.0863 is broken, the price could continue its move toward 1.0878.

According to the chart of M30, GBPCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.0864 – 1.0864 and upper border 1.0876 – 1.0876. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M15, GBPCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.0876, the lower border is 1.0864. The signal means that a long position should be opened above the upper border 1.0876 of the Bullish Rectangle.

The Double Top reversal pattern has been formed on GBPCHF M15. Characteristics: the upper boundary 1.0840; the lower boundary 1.0822; the width of the pattern is 17 points. Sell trades are better to be opened below the lower boundary 1.0822 with a possible movements towards the 1.0799 level.

The Double Top pattern has been formed on GBPCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.0815 is broken, the downward movement will continue.

According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.0836 and 1.0823 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 13 pips. Outlook: If the upper border 1.0836 is broken, the price is likely to continue its move by 1.0844.

The Bearish Flag pattern has been formed on GBPCHF at M5. The lower boundary of the pattern is located at 1.0787/1.0789 while the upper boundary lies at 1.0787/1.0789. The projection of the flagpole is 6 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 1.0787 is broken, the price will move further downwards.

The Double Top reversal pattern has been formed on GBPCHF H1. Characteristics: the upper boundary 1.0798; the lower boundary 1.0773; the width of the pattern is 24 points. Sell trades are better to be opened below the lower boundary 1.0773 with a possible movements towards the 1.0733 level.