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

According to the chart of M5, GBPCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.0652 – 1.0652 and upper border 1.0664 – 1.0664. In case the lower border is broken, the instrument is likely to follow the downward trend.

On the chart of GBPCHF H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.0695; the lower boundary 1.0678; the width of the pattern 17 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.0638 level.

The GBPCHF M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.0695, the Neckline and the upward angle are at 1.0685/1.0685. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of GBPCHF will go towards 1.0670.

The Triple Bottom pattern has formed on the chart of GBPCHF M30. Features of the pattern: The lower line of the pattern has coordinates 1.0696 with the upper limit 1.0696/1.0684, the projection of the width is 16 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.0680, the price is most likely to continue the upward movement.

The Triple Bottom pattern has formed on the chart of GBPCHF M30. Features of the pattern: The lower line of the pattern has coordinates 1.0696 with the upper limit 1.0696/1.0684, the projection of the width is 16 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.0680, the price is most likely to continue the upward movement.

According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.0696 and 1.0675 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 1.0696 is broken, the price is likely to continue its move by 1.0700.

The Double Top reversal pattern has been formed on GBPCHF H1. Characteristics: the upper boundary 1.0697; the lower boundary 1.0680; the width of the pattern is 16 points. Sell trades are better to be opened below the lower boundary 1.0680 with a possible movements towards the 1.0640 level.

The Double Top reversal pattern has been formed on GBPCHF M30. Characteristics: the upper boundary 1.0697; the lower boundary 1.0680; the width of the pattern is 16 points. Sell trades are better to be opened below the lower boundary 1.0680 with a possible movements towards the 1.0650 level.

The Double Top reversal pattern has been formed on GBPCHF M5. Characteristics: the upper boundary 1.0694; the lower boundary 1.0689; the width of the pattern is 5 points. Sell trades are better to be opened below the lower boundary 1.0689 with a possible movements towards the 1.0674 level.

According to the chart of M15, GBPCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.0697/1.0686 whereas the lower border goes across 1.0678/1.0686. The pattern width is measured on the chart at 19 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.0686 is broken, the price could continue its move toward 1.0709.