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

According to the chart of M5, EURCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.9866 and 0.9852 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 14 pips. Outlook: If the upper border 0.9866 is broken, the price is likely to continue its move by 0.9873.

The EURCHF H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.9824, the Neckline and the upward angle are at 0.9789/0.9791. 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 EURCHF will go towards 0.9751.

According to the chart of M15, EURCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.9812 – 0.9812 and upper border 0.9824 – 0.9824. In case the upper border is broken, the instrument is likely to follow the upward trend.

On the chart of EURCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9822; the lower boundary 0.9812; the width of the pattern 10 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9790 level.

On the chart of EURCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9811; the lower boundary 0.9806; the width of the pattern 5 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9783 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 0.9765 is broken, the downward movement will continue.

According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.9756 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -17 pips.

The Double Top reversal pattern has been formed on EURCHF D1. Characteristics: the upper boundary 0.9847; the lower boundary 0.9565; the width of the pattern is 271 points. Sell trades are better to be opened below the lower boundary 0.9565 with a possible movements towards the 0.9525 level.

According to the chart of H1, EURCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.9778 while the median line of the Neck is found at 0.9753/0.9757. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of EURCHF will go towards 0.9717.

The technical pattern called Head and Shoulders has appeared on the chart of EURCHF H1. There are weighty reasons to suggest that the price will surpass the Neckline 0.9753/0.9757 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.9717.