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

According to the chart of M30, EURCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9236, the lower border is 0.9223. The signal means that a short position should be opened after fixing a price below the lower border 0.9223 of the Bearish Rectangle.

According to the chart of M15, EURCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.9223 – 0.9223 and upper border 0.9236 – 0.9236. In case the lower border is broken, the instrument is likely to follow the downward trend.

On the chart of SILVER M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 56.15; the lower boundary 55.84; the width of the pattern 305 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 55.82 level.

The Double Top pattern has been formed on EURCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9223 is broken, the downward movement will continue.

According to the chart of M15, SILVER formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 56.15 and support 55.84. In case the resistance level 56.15 - 56.15 is broken, the instrument is likely to follow the bullish trend.