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

According to the chart of M5, NZDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.4619 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -9 pips.

The Bearish pennant pattern has formed on the AUDJPY M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 110.88, a trader will be able to successfully enter the sell position.

The Bearish Flag pattern has been formed on AUDCAD at M15. The lower boundary of the pattern is located at 0.9643/0.9667 while the upper boundary lies at 0.9667/0.9691. The projection of the flagpole is 58 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.9643 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the AUDCAD M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 0.9643, a trader will be able to successfully enter the sell position.

The Bearish Flag pattern has been formed on AUDUSD at M15. The lower boundary of the pattern is located at 0.7045/0.7063 while the upper boundary lies at 0.7063/0.7081. The projection of the flagpole is 53 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.7045 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the AUDUSD M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 0.7045, a trader will be able to successfully enter the sell position.

The Triple Top pattern has formed on the chart of the AUDCHF M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.5526/0.5532 with the upper limit 0.5547/0.5550; the projection of the width is 21 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.5526, the price is most likely to continue the downward movement.

According to the chart of M15, GBPCHF formed the Head and Shoulders pattern. The Head’s top is set at 1.0454 while the median line of the Neck is found at 1.0428/1.0431. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPCHF will go towards 1.0409.

The Double Bottom pattern has been formed on NZDJPY M5. Characteristics: the support level 93.12; the resistance level 93.24; the width of the pattern 12 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 13 points.

The Double Top pattern has been formed on NZDCHF H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4562 is broken, the downward movement will continue.