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

According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8131/0.8138 whereas the upper border goes across 0.8146/0.8138. 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 USDCHF will breach the upper border to head for 0.8153.

The Double Top pattern has been formed on USDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8128 is broken, the downward movement will continue.

The Double Top pattern has been formed on USDCHF M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8110 is broken, the downward movement will continue.

The USDCHF H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.7921, the Neckline and the upward angle are at 0.7860/0.7864. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of USDCHF will go towards 0.7824.

According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8105/0.8099 whereas the lower border goes across 0.8094/0.8099. The pattern width is measured on the chart at 11 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8099 is broken, the price could continue its move toward 0.8114.

According to the chart of M5, USDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.8093 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -14 pips.

According to the chart of M5, USDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8094, the lower border is 0.8077. The signal means that a long position should be opened above the upper border 0.8094 of the Bullish Rectangle.

The Triple Bottom pattern has formed on the chart of USDCHF M15. Features of the pattern: The lower line of the pattern has coordinates 0.8059 with the upper limit 0.8059/0.8050, the projection of the width is 21 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.8038, the price is most likely to continue the upward movement.

According to the chart of M5, USDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8039/0.8047 and upper border is 0.8053/0.8047. The pattern width is measured on the chart at -14 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and USDCHF breaches the lower border, the price could continue its move toward 0.8032.

The Double Bottom pattern has been formed on USDCHF M15; the upper boundary is 0.8059; the lower boundary is 0.8039. The width of the pattern is 21 points. In case of a break of the upper boundary 0.8059, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.