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

According to the chart of M30, AUDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5469/0.5495 whereas the upper border goes across 0.5517/0.5495. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDCHF will breach the upper border to head for 0.5525.

On the chart of AUDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5504; the lower boundary 0.5501; the width of the pattern 3 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5486 level.

The Double Top reversal pattern has been formed on AUDCHF H1. Characteristics: the upper boundary 0.5507; the lower boundary 0.5492; the width of the pattern is 16 points. Sell trades are better to be opened below the lower boundary 0.5492 with a possible movements towards the 0.5452 level.

The Double Top reversal pattern has been formed on AUDCHF M30. Characteristics: the upper boundary 0.5507; the lower boundary 0.5492; the width of the pattern is 16 points. Sell trades are better to be opened below the lower boundary 0.5492 with a possible movements towards the 0.5462 level.

On the chart of AUDCHF M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5497; the lower boundary 0.5483; the width of the pattern 14 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5453 level.