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

The Bearish Flag pattern has been formed on the chart USDCHF M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 0.8864, traders should enter the market.

The Bearish pennant pattern has formed on the USDCHF 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 0.8864, a trader will be able to successfully enter the sell position.

The Double Top pattern has been formed on USDCHF M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8899 is broken, the downward movement will continue.

The Double Top pattern has been formed on USDCHF M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8899 is broken, the downward movement will continue.

According to the chart of M5, USDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8912, the lower border is 0.8903. The signal means that a long position should be opened above the upper border 0.8912 of the Bullish Rectangle.

According to the chart of M5, USDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8902 and support 0.8895. In case the resistance level 0.8902 - 0.8902 is broken, the instrument is likely to follow the bullish trend.

The Triple Bottom pattern has formed on the chart of USDCHF M15. Features of the pattern: The lower line of the pattern has coordinates 0.8977 with the upper limit 0.8977/0.8969, the projection of the width is 17 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.8960, the price is most likely to continue the upward movement.

According to the chart of M5, USDCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.9001 while the median line of the Neck is set at 0.9012/0.9013. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of USDCHF will go towards 0.9028.

The technical pattern called Head and Shoulders has appeared on the chart of USDCHF M30. There are weighty reasons to suggest that the price will surpass the Neckline 0.9009/0.9014 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.8984.

According to the chart of M30, USDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9030 and support 0.9009. In case the resistance level 0.9030 - 0.9030 is broken, the instrument is likely to follow the bullish trend.