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

The Bullish Flag pattern has been formed on the chart USDCHF M5 which signals that the upward trend will continue. Signals: а break of the peak at 0.9041 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant pattern is formed on the USDCHF M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.9041, a further uptrend is possible.

The Double Top pattern has been formed on USDCHF H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9127 is broken, the downward movement will continue.

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 0.9142/0.9123 whereas the lower border goes across 0.9102/0.9123. The pattern width is measured on the chart at 40 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.9123 is broken, the price could continue its move toward 0.9138.

According to the chart of M5, USDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9084/0.9106 and upper border is 0.9122/0.9106. The pattern width is measured on the chart at -38 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 0.9091.

The Double Bottom pattern has been formed on USDCHF 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 0.9120 is broken. The further movements will rely on the width of the current pattern 4 points.

The Double Bottom pattern has been formed on USDCHF M5; the upper boundary is 0.9120; the lower boundary is 0.9116. The width of the pattern is 4 points. In case of a break of the upper boundary 0.9120, 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.

According to the chart of M5, USDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.9134 is likely to encourage a continuation of the downward trend.

The USDCHF M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.9153, the Neckline and the upward angle are at 0.9148/0.9148. 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 0.9133.

The Bullish Flag pattern has been formed on USDCHF at M15. The lower boundary of the pattern is located at 0.9149/0.9147, while the higher boundary lies at 0.9151/0.9149. The projection of the flagpole is 7 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.9151 is broken, the price will move further upwards.