FX.co ★ Patterns AUDCHF | Australian Dollar (AUD) to Swiss Franc (CHF) Rate in the Forex market

On the chart of AUDCHF H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5728; the lower boundary 0.5718; the width of the pattern 10 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5678 level.

According to the chart of M15, AUDCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.5728 while the median line of the Neck is found at 0.5720/0.5720. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of AUDCHF will go towards 0.5698.

According to the chart of M15, AUDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5727, the lower border is 0.5719. The signal means that a long position should be opened above the upper border 0.5727 of the Bullish Rectangle.

According to the chart of M5, AUDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5727/0.5722 whereas the lower border goes across 0.5719/0.5722. The pattern width is measured on the chart at 8 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5722 is broken, the price could continue its move toward 0.5737.

According to the chart of M5, AUDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5727, the lower border is 0.5719. The signal means that a long position should be opened above the upper border 0.5727 of the Bullish Rectangle.

The Double Top reversal pattern has been formed on AUDCHF M30. Characteristics: the upper boundary 0.5690; the lower boundary 0.5684; the width of the pattern is 6 points. Sell trades are better to be opened below the lower boundary 0.5684 with a possible movements towards the 0.5654 level.

On the chart of AUDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5690; the lower boundary 0.5684; the width of the pattern 6 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5662 level.

The Double Top pattern has been formed on AUDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5643 is broken, the downward movement will continue.

According to the chart of M30, AUDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5578/0.5595 whereas the upper border goes across 0.5615/0.5595. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDCHF will breach the upper border to head for 0.5625.

The Double Bottom pattern has been formed on AUDCHF H1. Characteristics: the support level 0.5553; the resistance level 0.5573; the width of the pattern 20 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 20 points.