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

On the chart of AUDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9678; the lower boundary 0.9664; the width of the pattern 14 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9649 level.

On the chart of NZDUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5961; the lower boundary 0.5950; the width of the pattern 11 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5935 level.

The Double Top pattern has been formed on SILVER H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 92.03 is broken, the downward movement will continue.

According to the chart of M5, NZDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8138, the lower border is 0.8130. The signal means that a long position should be opened above the upper border 0.8138 of the Bullish Rectangle.

The Double Bottom pattern has been formed on NZDCHF M5; the upper boundary is 0.4600; the lower boundary is 0.4575. The width of the pattern is 24 points. In case of a break of the upper boundary 0.4600, 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.

On the chart of AUDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 111.14; the lower boundary 110.81; the width of the pattern 33 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 110.58 level.

The Triple Top pattern has formed on the chart of the AUDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 110.81/111.01 with the upper limit 111.17/111.14; the projection of the width is 36 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 110.81, the price is most likely to continue the downward movement.

On the chart of AUDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 111.14; the lower boundary 111.01; the width of the pattern 13 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 110.86 level.

According to the chart of M5, GBPAUD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.8941, the lower border is 1.8915. The signal means that a short position should be opened after fixing a price below the lower border 1.8915 of the Bearish Rectangle.

The Double Bottom pattern has been formed on GBPAUD 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 1.8941 is broken. The further movements will rely on the width of the current pattern 26 points.