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Actual patterns
Double Top
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.
Bullish Rectangle
According to the chart of M5, AUDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5495 and support 0.5487. In case the resistance level 0.5495 - 0.5495 is broken, the instrument is likely to follow the bullish trend.
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Double Bottom
The Double Bottom pattern has been formed on AUDCHF M30. Characteristics: the support level 0.5454; the resistance level 0.5490; the width of the pattern 36 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 35 points.
Double Top
The Double Top reversal pattern has been formed on AUDCHF M15. Characteristics: the upper boundary 0.5489; the lower boundary 0.5454; the width of the pattern is 36 points. Sell trades are better to be opened below the lower boundary 0.5454 with a possible movements towards the 0.5432 level.
Double Top
The Double Top reversal pattern has been formed on AUDCHF M15. Characteristics: the upper boundary 0.5497; the lower boundary 0.5478; the width of the pattern is 20 points. Sell trades are better to be opened below the lower boundary 0.5478 with a possible movements towards the 0.5455 level.