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

According to the chart of M30, USDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8096/0.8085 whereas the lower border goes across 0.8076/0.8085. The pattern width is measured on the chart at 20 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8085 is broken, the price could continue its move toward 0.8115.

According to the chart of M15, USDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.8096 and 0.8071 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 25 pips. Outlook: If the upper border 0.8096 is broken, the price is likely to continue its move by 0.8106.

On the chart of USDCHF H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8090; the lower boundary 0.8053; the width of the pattern 37 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8013 level.

According to the chart of M30, USDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8050/0.8067 whereas the upper border goes across 0.8090/0.8067. 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 USDCHF will breach the upper border to head for 0.8097.

The Double Top reversal pattern has been formed on USDCHF M5. Characteristics: the upper boundary 0.7951; the lower boundary 0.7946; the width of the pattern is 5 points. Sell trades are better to be opened below the lower boundary 0.7946 with a possible movements towards the 0.7931 level.

On the chart of the USDCHF M30 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.7936, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 11 points.

On the chart of the USDCHF M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.7932, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 5 points.

The Double Top pattern has been formed on USDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.7932 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on USDCHF M30. Characteristics: the support level 0.7920; the resistance level 0.7936; the width of the pattern 16 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 17 points.

The Double Bottom pattern has been formed on USDCHF M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.7936 is broken. The further movements will rely on the width of the current pattern 16 points.