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

The Double Top pattern has been formed on AUDCHF M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5598 is broken, the downward movement will continue.

According to the chart of M5, AUDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5589 is likely to encourage a continuation of the downward trend.

According to the chart of M30, AUDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5598, the lower border is 0.5589. The signal means that a short position should be opened after fixing a price below the lower border 0.5589 of the Bearish Rectangle.

According to the chart of M5, AUDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5589/0.5594 and upper border is 0.5599/0.5594. The pattern width is measured on the chart at -10 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDCHF breaches the lower border, the price could continue its move toward 0.5579.

According to the chart of M30, AUDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5598, the lower border is 0.5589. The signal means that a short position should be opened after fixing a price below the lower border 0.5589 of the Bearish Rectangle.

According to M5, AUDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.5597/0.5596 is broken out, the instrument is likely to move toward 0.5611.

On the chart of the AUDCHF 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 0.5595, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 11 points.

On the chart of AUDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5624; the lower boundary 0.5620; the width of the pattern 4 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5605 level.

The Bearish Flag pattern has been formed on the chart AUDCHF M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 0.5612, traders should enter the market.

The Bearish pennant pattern has formed on the AUDCHF M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.5612 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.