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

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.

The Double Top reversal pattern has been formed on AUDCHF M5. Characteristics: the upper boundary 0.5647; the lower boundary 0.5643; the width of the pattern is 4 points. Sell trades are better to be opened below the lower boundary 0.5643 with a possible movements towards the 0.5628 level.

According to the chart of M15, AUDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.5657 and 0.5647 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 10 pips. Outlook: If the upper border 0.5657 is broken, the price is likely to continue its move by 0.5674.

According to the chart of M5, AUDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5657/0.5651 whereas the lower border goes across 0.5647/0.5651. The pattern width is measured on the chart at 10 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5651 is broken, the price could continue its move toward 0.5666.

The Bullish pennant pattern is formed on the AUDCHF M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.5652, a further uptrend is possible.

According to the chart of M5, AUDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5645 and support 0.5638. In case the resistance level 0.5645 - 0.5645 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M5, AUDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.5605 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -15 pips.

The AUDCHF M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.5623, the Neckline and the upward angle are at 0.5618/0.5617. 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 AUDCHF will go towards 0.5602.