FX.co ★ Modèles réels. Analyse technique et recommandations de trading

According to M5, AUDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.5469/0.5470 is broken out, the instrument is likely to move toward 0.5485.

The Double Bottom pattern has been formed on AUDCHF M30. Characteristics: the support level 0.5461; the resistance level 0.5481; the width of the pattern 20 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 21 points.

The Double Bottom pattern has been formed on AUDCHF M15. Characteristics: the support level 0.5461; the resistance level 0.5481; the width of the pattern 20 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 21 points.

The Double Bottom pattern has been formed on AUDCHF M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.5469 is broken. The further movements will rely on the width of the current pattern 7 points.

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.