FX.co ★ Patterns GBPCHF | British Pound (GBP) to Swiss Franc (CHF) Rate in the Forex market

According to the chart of H1, GBPCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.0845 is likely to encourage a continuation of the downward trend.

The Double Bottom pattern has been formed on GBPCHF 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 1.0898 is broken. The further movements will rely on the width of the current pattern 19 points.

The Double Bottom pattern has been formed on GBPCHF M15. Characteristics: the support level 1.0878; the resistance level 1.0902; the width of the pattern 24 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 23 points.

On the chart of GBPCHF H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.0902; the lower boundary 1.0845; the width of the pattern 57 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.0805 level.

According to the chart of M5, GBPCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.0897 and support 1.0883. In case the resistance level 1.0897 - 1.0897 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M5, GBPCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.0838 is likely to encourage a continuation of the downward trend.

The Double Top pattern has been formed on GBPCHF M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.0901 is broken, the downward movement will continue.

According to the chart of M5, GBPCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.0829 - 0.0000 and support 1.0814 – 1.0814. In case the resistance level 1.0814 - 1.0814 is broken, the instrument is likely to follow the bearish trend.

The Double Bottom pattern has been formed on GBPCHF M5. Characteristics: the support level 1.0815; the resistance level 1.0829; the width of the pattern 14 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 15 points.

According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.0878/1.0863 whereas the lower border goes across 1.0849/1.0863. The pattern width is measured on the chart at 29 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.0863 is broken, the price could continue its move toward 1.0878.