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According to the chart of M15, USDCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.8929 – 0.8929 and upper border 0.8951 – 0.8951. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M5, USDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8947 while the median line of the Neck is found at 0.8931/0.8940. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of USDCHF will go towards 0.8962

According to the chart of M5, USDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8950, the lower border is 0.8942. The signal means that a short position should be opened after fixing a price below the lower border 0.8942 of the Bearish Rectangle.

According to the chart of M5, USDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8983, the lower border is 0.8967. The signal means that a long position should be opened above the upper border 0.8983 of the Bullish Rectangle.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart USDCHF M5. Forecast: if the price breaks above the pattern high at 0.8997, then traders will be able to place a long deal with the target at 0.9012.