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

According to the chart of M5, EURCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.9866 and 0.9852 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 14 pips. Outlook: If the upper border 0.9866 is broken, the price is likely to continue its move by 0.9873.

The EURCHF H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.9824, the Neckline and the upward angle are at 0.9789/0.9791. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of EURCHF will go towards 0.9751.

According to the chart of M15, EURCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.9812 – 0.9812 and upper border 0.9824 – 0.9824. In case the upper border is broken, the instrument is likely to follow the upward trend.

On the chart of EURCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9822; the lower boundary 0.9812; the width of the pattern 10 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9790 level.

On the chart of EURCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9811; the lower boundary 0.9806; the width of the pattern 5 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9783 level.