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

On the chart of EURCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9269; the lower boundary 0.9263; the width of the pattern 6 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9240 level.

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 0.9226 is broken, the downward movement will continue.

The Bullish pennant graphic pattern has formed on the EURCHF M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 0.9261.

According to the chart of M15, EURCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9236 - 0.0000 and support 0.9223 – 0.9223. In case the resistance level 0.9223 - 0.9223 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M30, EURCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.9223 – 0.9223 and upper border 0.9236 – 0.9236. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M30, EURCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9236, the lower border is 0.9223. The signal means that a short position should be opened after fixing a price below the lower border 0.9223 of the Bearish Rectangle.

According to the chart of M15, EURCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.9223 – 0.9223 and upper border 0.9236 – 0.9236. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Top pattern has been formed on EURCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9223 is broken, the downward movement will continue.

The Triple Bottom pattern has formed on the chart of EURCHF M15. Features of the pattern: The lower line of the pattern has coordinates 0.9239 with the upper limit 0.9239/0.9236, the projection of the width is 13 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 0.9226, the price is most likely to continue the upward movement.

The Bullish pennant signal – Trading instrument EURCHF M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.9275, with the prospect of the next move being a projection of the flagpole height.