FX.co ★ Patterns USDCHF | US Dollar (USD) to Swiss Franc (CHF) Rate in the Forex market

The Bullish pennant signal – Trading instrument USDCHF M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.9092, with the prospect of the next move being a projection of the flagpole height.

The USDCHF D1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.9223, the Neckline and the upward angle are at 0.9011/0.9006. 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 USDCHF will go towards 0.8966.

According to the chart of M5, USDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9097 and support 0.9087. In case the resistance level 0.9097 - 0.9097 is broken, the instrument is likely to follow the bullish trend.

The technical pattern called Head and Shoulders has appeared on the chart of USDCHF D1. There are weighty reasons to suggest that the price will surpass the Neckline 0.9011/0.9006 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.8966.

The Triple Top pattern has formed on the chart of the USDCHF M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.9087/0.9088 with the upper limit 0.9097/0.9096; the projection of the width is 10 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.9087, the price is most likely to continue the downward movement.

According to the chart of M5, USDCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.9087 – 0.9087 and upper border 0.9097 – 0.9097. In case the upper border is broken, the instrument is likely to follow the upward trend.

On the chart of USDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9097; the lower boundary 0.9087; the width of the pattern 10 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9072 level.

The Double Top reversal pattern has been formed on USDCHF M15. Characteristics: the upper boundary 0.9073; the lower boundary 0.9068; the width of the pattern is 5 points. Sell trades are better to be opened below the lower boundary 0.9068 with a possible movements towards the 0.9046 level.

The Triple Top pattern has formed on the chart of the USDCHF M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.9066/0.9067 with the upper limit 0.9071/0.9073; the projection of the width is 5 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.9066, the price is most likely to continue the downward movement.

The USDCHF D1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.9223, the Neckline and the upward angle are at 0.9011/0.9006. 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 USDCHF will go towards 0.8966.