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

According to the chart of M5, AUDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5232 while the median line of the Neck is found at 0.5224/0.5229. 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 AUDCHF will go towards 0.5247

On the chart of AUDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5230; the lower boundary 0.5223; the width of the pattern 7 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5200 level.

According to the chart of M5, AUDCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.5208 – 0.5208 and upper border 0.5213 – 0.5213. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M30, AUDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5186/0.5201 and upper border is 0.5218/0.5201. The pattern width is measured on the chart at -32 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDCHF breaches the lower border, the price could continue its move toward 0.5171.

According to the chart of M15, AUDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.5186 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -32 pips.

According to the chart of M15, AUDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5200/0.5216 and upper border is 0.5231/0.5216. The pattern width is measured on the chart at -31 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDCHF breaches the lower border, the price could continue its move toward 0.5193.

According to the chart of M30, AUDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5226, the lower border is 0.5209. The signal means that a short position should be opened after fixing a price below the lower border 0.5209 of the Bearish Rectangle.

The Double Bottom pattern has been formed on AUDCHF M30. 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 0.5226 is broken. The further movements will rely on the width of the current pattern 16 points.

On the chart of AUDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5252; the lower boundary 0.5243; the width of the pattern 9 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5221 level.

The Triple Top pattern has formed on the chart of the AUDCHF M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.5243/0.5246 with the upper limit 0.5251/0.5252; the projection of the width is 8 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 0.5243, the price is most likely to continue the downward movement.