FX.co ★ Patterns USDCHF | US Dollar (USD) to Swiss Franc (CHF) Rate in the Forex market

The Double Bottom pattern has been formed on USDCHF M5. Characteristics: the support level 0.7845; the resistance level 0.7851; the width of the pattern 6 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 technical pattern called Head and Shoulders has appeared on the chart of USDCHF M30. There are weighty reasons to suggest that the price will surpass the Neckline 0.7857/0.7857 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.7827.

According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.7834 and 0.7806 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 28 pips. Outlook: If the upper border 0.7834 is broken, the price is likely to continue its move by 0.7835.

According to the chart of M15, USDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.7815 while the median line of the Neck is found at 0.7774/0.7808. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of USDCHF will go towards 0.7837

According to the chart of M5, USDCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.7774 – 0.7774 and upper border 0.7797 – 0.7797. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on USDCHF M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.7819 is broken. The further movements will rely on the width of the current pattern 13 points.

According to the chart of M5, USDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.7811 and support 0.7805. In case the resistance level 0.7811 - 0.7811 is broken, the instrument is likely to follow the bullish trend.

The Double Bottom pattern has been formed on USDCHF M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.7808 is broken. The further movements will rely on the width of the current pattern 8 points.

The Triple Bottom pattern has been formed on USDCHF M15. It has the following characteristics: resistance level 0.7837/0.7835; support level 0.7828/0.7826; the width is 9 points. In the event of a breakdown of the resistance level of 0.7837, the price is likely to continue an upward movement at least to 0.7850.

The USDCHF H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.7921, the Neckline and the upward angle are at 0.7860/0.7864. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of USDCHF will go towards 0.7824.