FX.co ★ Patterns EURCHF | Euro (EUR) to Swiss Franc (CHF) Rate in the Forex market

According to the chart of M5, EURCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.9217 and 0.9205 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 12 pips. Outlook: If the upper border 0.9217 is broken, the price is likely to continue its move by 0.9227.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart EURCHF M5. Forecast: if the price breaks above the pattern high at 0.9226, then traders will be able to place a long deal with the target at 0.9241.

The Bullish pennant signal – Trading instrument EURCHF M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.9226, with the prospect of the next move being a projection of the flagpole height.

According to the chart of M5, EURCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.9233/0.9222 whereas the lower border goes across 0.9211/0.9222. The pattern width is measured on the chart at 22 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.9222 is broken, the price could continue its move toward 0.9237.

The Bullish Flag pattern has been formed on EURCHF at M5. The lower boundary of the pattern is located at 0.9184/0.9184, while the higher boundary lies at 0.9188/0.9188. The projection of the flagpole is 5 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.9188 is broken, the price will move further upwards.

The Double Bottom pattern has been formed on EURCHF M5; the upper boundary is 0.9133; the lower boundary is 0.9129. The width of the pattern is 4 points. In case of a break of the upper boundary 0.9133, 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.

According to the chart of H1, EURCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9155, the lower border is 0.9139. The signal means that a long position should be opened above the upper border 0.9155 of the Bullish Rectangle.

The Double Top pattern has been formed on EURCHF M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9145 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on EURCHF M15; the upper boundary is 0.9131; the lower boundary is 0.9102. The width of the pattern is 28 points. In case of a break of the upper boundary 0.9131, 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.

The Bearish Flag pattern has been formed on the chart EURCHF M30 which signals that the downward trend will continue. If the price breaks below the low at 0.9134, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (20 points).