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Actual patterns
Double Top
On the chart of EURCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9269; the lower boundary 0.9263; the width of the pattern 6 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9240 level.
Double Top
The Double Top pattern has been formed on EURCHF M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9226 is broken, the downward movement will continue.
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Bullish pennant
The Bullish pennant graphic pattern has formed on the EURCHF M5 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 0.9261.
Bearish Rectangle
According to the chart of M15, EURCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9236 - 0.0000 and support 0.9223 – 0.9223. In case the resistance level 0.9223 - 0.9223 is broken, the instrument is likely to follow the bearish trend.
Bearish Rectangle
According to the chart of M30, EURCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.9223 – 0.9223 and upper border 0.9236 – 0.9236. In case the lower border is broken, the instrument is likely to follow the downward trend.