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 Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.0701 – 1.0701 and upper border 1.0711 – 1.0711. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart GBPCHF M5. Forecast: if the price breaks above the pattern high at 1.0709, then traders will be able to place a long deal with the target at 1.0724.

The Bullish pennant graphic pattern has formed on the GBPCHF 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 1.0724.

The Double Top reversal pattern has been formed on GBPCHF M30. Characteristics: the upper boundary 1.0685; the lower boundary 1.0667; the width of the pattern is 17 points. Sell trades are better to be opened below the lower boundary 1.0667 with a possible movements towards the 1.0637 level.

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 1.0682/1.0670 whereas the lower border goes across 1.0659/1.0670. The pattern width is measured on the chart at 23 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.0670 is broken, the price could continue its move toward 1.0685.

According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.0669/1.0672 whereas the upper border goes across 1.0675/1.0672. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPCHF will breach the upper border to head for 1.0687.

The Triple Top pattern has formed on the chart of the GBPCHF M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.0662/1.0667 with the upper limit 1.0672/1.0675; 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 1.0662, the price is most likely to continue the downward movement.

According to the chart of M15, GBPCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.0630 – 1.0630 and upper border 1.0648 – 1.0648. In case the upper border is broken, the instrument is likely to follow the upward 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 1.0630 is broken, the downward movement will continue.

According to the chart of M15, GBPCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.0602/1.0625 and upper border is 1.0647/1.0625. The pattern width is measured on the chart at -45 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GBPCHF breaches the lower border, the price could continue its move toward 1.0603.