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

According to the chart of M5, EURCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.9511 while the median line of the Neck is set at 0.9529/0.9527. 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 EURCHF will go towards 0.9542.

According to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5709 is likely to encourage a continuation of the downward trend.

The technical pattern called Head and Shoulders has appeared on the chart of AUDCHF M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.5562/0.5566 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.5551.

The Bullish pennant graphic pattern has formed on the #AAPL M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 223.96.

The Double Top pattern has been formed on AUDJPY H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 94.50 is broken, the downward movement will continue.