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

According to the chart of M30, EURCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9396/0.9420 and upper border is 0.9447/0.9420. The pattern width is measured on the chart at -51 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 EURCHF breaches the lower border, the price could continue its move toward 0.9390.

The Bullish Flag pattern has been formed on the chart EURCHF M5 which signals that the upward trend will continue. Signals: а break of the peak at 0.9410 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant graphic pattern has formed on the EURCHF M5 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 0.9425.

The Double Top reversal pattern has been formed on EURCHF M15. Characteristics: the upper boundary 0.9429; the lower boundary 0.9417; the width of the pattern is 11 points. Sell trades are better to be opened below the lower boundary 0.9417 with a possible movements towards the 0.9395 level.

According to the chart of H1, EURCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.9383 – 0.9383 and upper border 0.9413 – 0.9413. In case the upper border is broken, the instrument is likely to follow the upward trend.