FX.co - Actual patterns. Instrument: AUDCHF: 18

There is nothing more precious to a trader than an ability to predict a further price movement. Technical analysis is a key to your successful transaction. At the same time, you can rely on common and recurring situations that arise in the same circumstances. Our Technical Analysis Patterns section features all trading recommendations based on the technical analysis patterns that help traders make projections and turn a profit.

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Figure:

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Triangle

Rectangle

Pennant

Flag

Head and Shoulders

Double Top

Triple top

Timeframe:

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M5

M15

M30

H1

D1

Signal strength:

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High

Medium

Low

Signal direction:

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Buy

Sell

AUDCHF

AUDCHF M5

The Double Top reversal pattern has been formed on AUDCHF M5. Characteristics: the upper boundary 0.5684; the lower boundary 0.5679; the width of the pattern is 5 points. Sell trades are better to be opened below the lower boundary 0.5679 with a possible movements towards the 0.5664 level.

2024-10-31T18:35:52

AUDCHF M5

Bullish Rectangle

According to the chart of M5, AUDCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.5699 – 0.5699 and upper border 0.5706 – 0.5706. In case the upper border is broken, the instrument is likely to follow the upward trend.

2024-10-30T11:06:40

AUDCHF M5

Bullish pennant

The Bullish pennant pattern is formed on the AUDCHF M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.5704, a further uptrend is possible.

2024-10-30T08:50:10

AUDCHF M15

The Double Bottom pattern has been formed on AUDCHF M15. 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 0.5694 is broken. The further movements will rely on the width of the current pattern 9 points.

2024-10-29T23:45:43

AUDCHF M15

Bearish pennant

The Bearish pennant pattern has formed on the AUDCHF M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.5687; the projection of the flagpole height is equal to 7 pips. In case the price breaks out the pattern’s bottom of 0.5687, the downtrend is expected to continue for further level 0.5664.

2024-10-29T23:07:10

AUDCHF M5

Bearish pennant

The Bearish pennant pattern has formed on the AUDCHF M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.5684 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

2024-10-29T18:00:55

AUDCHF M5

Inverse Head and Shoulder

According to the chart of M5, AUDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5699 while the median line of the Neck is found at 0.5690/0.5693. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of AUDCHF will go towards 0.5714

2024-10-29T15:24:52

AUDCHF M5

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 0.5705 is broken. The further movements will rely on the width of the current pattern 15 points.

2024-10-29T14:45:49

AUDCHF M15

Bearish Rectangle

According to the chart of M15, AUDCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.5692 – 0.5692 and upper border 0.5700 – 0.5700. In case the lower border is broken, the instrument is likely to follow the downward trend.

2024-10-28T22:06:15

AUDCHF M5

Bearish Rectangle

According to the chart of M5, AUDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5700 - 0.0000 and support 0.5692 – 0.5692. In case the resistance level 0.5692 - 0.5692 is broken, the instrument is likely to follow the bearish trend.

2024-10-28T21:40:44