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

The Bullish pennant pattern is formed on the AUDCAD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.9761, a further uptrend is possible.

The Bullish Flag pattern has been formed on the chart AUDCHF M5 which signals that the upward trend will continue. Signals: а break of the peak at 0.5620 may push the price higher, and the rise will be the projection of the pole.

The Double Top pattern has been formed on GBPCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.0600 is broken, the downward movement will continue.

According to the chart of M5, SILVER formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 73.76 and support 73.24. In case the resistance level 73.76 - 73.76 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M30, EURUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.1676 while the median line of the Neck is set at 1.1702/1.1696. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of EURUSD will go towards 1.1726.