FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Triple Top pattern has formed on the chart of the AUDCHF M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.5507/0.5515 with the upper limit 0.5524/0.5527; the projection of the width is 17 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 0.5507, the price is most likely to continue the downward movement.

According to the chart of M5, AUDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5506 and support 0.5496. In case the resistance level 0.5506 - 0.5506 is broken, the instrument is likely to follow the bullish trend.

The Double Bottom pattern has been formed on AUDCHF M5. 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 0.5447 is broken. The further movements will rely on the width of the current pattern 9 points.

The Bearish Flag pattern has been formed on the chart AUDCHF M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 0.5438, traders should enter the market.

The Bearish pennant pattern has formed on the AUDCHF M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 0.5438, a trader will be able to successfully enter the sell position.

According to the chart of M30, AUDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5459 is likely to encourage a continuation of the downward trend.

According to the chart of M5, AUDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5518 and support 0.5508. In case the resistance level 0.5518 - 0.5518 is broken, the instrument is likely to follow the bullish trend.

The Double Top reversal pattern has been formed on AUDCHF M5. Characteristics: the upper boundary 0.5517; the lower boundary 0.5508; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 0.5508 with a possible movements towards the 0.5493 level.

The Triple Top pattern has formed on the chart of the AUDCHF M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.5526/0.5532 with the upper limit 0.5547/0.5550; the projection of the width is 21 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 0.5526, the price is most likely to continue the downward movement.

The Double Top reversal pattern has been formed on AUDCHF M15. Characteristics: the upper boundary 0.5529; the lower boundary 0.5517; the width of the pattern is 12 points. Sell trades are better to be opened below the lower boundary 0.5517 with a possible movements towards the 0.5494 level.