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

According to the chart of M5, AUDUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.6303 and support 0.6295. In case the resistance level 0.6303 - 0.6303 is broken, the instrument is likely to follow the bullish trend.

The Bullish Flag pattern has been formed on the chart AUDUSD M15 which signals that the upward trend will continue. Signals: а break of the peak at 0.6302 may push the price higher, and the rise will be the projection of the pole.

The Bearish pennant pattern has formed on the AUDUSD M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.6272; the projection of the flagpole height is equal to 19 pips. In case the price breaks out the pattern’s bottom of 0.6272, the downtrend is expected to continue for further level 0.6249.

The Triple Bottom pattern has formed on the chart of AUDUSD M5. Features of the pattern: The lower line of the pattern has coordinates 0.6292 with the upper limit 0.6292/0.6290, the projection of the width is 8 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 0.6284, the price is most likely to continue the upward movement.

According to the chart of M5, AUDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.6313/0.6299 whereas the lower border goes across 0.6289/0.6299. The pattern width is measured on the chart at 24 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.6299 is broken, the price could continue its move toward 0.6314.