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

According to the chart of H1, AUDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.5929 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -83 pips.

The Bullish Flag pattern has been formed on the chart AUDCHF D1 which signals that the upward trend will continue. Signals: а break of the peak at 0.6007 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant graphic pattern has formed on the AUDCHF D1 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 0.6047.

According to the chart of H1, AUDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5929 is likely to encourage a continuation of the downward trend.

The technical pattern called Head and Shoulders has appeared on the chart of AUDCHF M15. There are weighty reasons to suggest that the price will surpass the Neckline 0.5974/0.5976 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.5954.