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

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.

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.

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.