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

USDCHF M5

Bullish Symmetrical Triangle
According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.9466 and 0.9445 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 21 pips. Outlook: If the upper border 0.9466 is broken, the price is likely to continue its move by 0.9471 pips.
2022-08-15

USDCHF M5

Double Top
The Double Top pattern has been formed on USDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9424 is broken, the downward movement will continue.
2022-08-12

USDCHF M5

Head and Shoulders
The technical pattern called Head and Shoulders has appeared on the chart of USDCHF M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.9414/0.9414 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.9399.
2022-08-12

USDCHF M5

Double Top
The Double Top pattern has been formed on USDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9413 is broken, the downward movement will continue.
2022-08-11

USDCHF M5

Double Bottom
The Double Bottom pattern has been formed on USDCHF M5; the upper boundary is 0.9409; the lower boundary is 0.9400. The width of the pattern is 10 points. In case of a break of the upper boundary 0.9409, 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.
2022-08-11

USDCHF M5

Bearish Flag
The Bearish Flag pattern has been formed on USDCHF at M5. The lower boundary of the pattern is located at 0.9524/0.9528 while the upper boundary lies at 0.9528/0.9532. The projection of the flagpole is 12 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.9524 is broken, the price will move further downwards.
2022-08-10

USDCHF M5

Bearish pennant
The Bearish pennant pattern has formed on the USDCHF M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 0.9524, a trader will be able to successfully enter the sell position.
2022-08-10

USDCHF H1

Bearish Rectangle
According to the chart of H1, USDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9548 - 0.0000 and support 0.9510 – 0.9510. In case the resistance level 0.9510 - 0.9510 is broken, the instrument is likely to follow the bearish trend.
2022-08-10

USDCHF M5

Triple Top
The Triple Top pattern has formed on the chart of the USDCHF M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 2, support level -3, and pattern’s width 10. Forecast If the price breaks through the support level 0.9535, it is likely to move further down to 0.9529.
2022-08-09

USDCHF M5

Double Top
On the chart of USDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9548; the lower boundary 0.9515; the width of the pattern 33 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9500 level.
2022-08-09