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

According to the chart of M5, SILVER formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 76.83 and 76.52 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 305 pips. Outlook: If the upper border 76.83 is broken, the price is likely to continue its move by 76.66.

According to the chart of M5, EURUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.1613 – 1.1613 and upper border 1.1624 – 1.1624. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M5, AUDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5630 and support 0.5622. In case the resistance level 0.5630 - 0.5630 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M5, NZDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5861/0.5870 whereas the upper border goes across 0.5878/0.5870. 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 NZDUSD will breach the upper border to head for 0.5885.

According to the chart of M5, USDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.7868 - 0.0000 and support 0.7859 – 0.7859. In case the resistance level 0.7859 - 0.7859 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M15, AUDCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.5634 while the median line of the Neck is found at 0.5623/0.5623. 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 AUDCHF will go towards 0.5601.

On the chart of NZDCHF H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4624; the lower boundary 0.4602; the width of the pattern 22 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.4562 level.

According to the chart of M15, USDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 159.36/158.97 whereas the lower border goes across 158.68/158.97. The pattern width is measured on the chart at 68 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 158.97 is broken, the price could continue its move toward 159.20.

According to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3448/1.3434 whereas the lower border goes across 1.3413/1.3434. The pattern width is measured on the chart at 35 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3434 is broken, the price could continue its move toward 1.3449.

According to the chart of M5, GBPJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 213.25/213.54 and upper border is 213.96/213.54. The pattern width is measured on the chart at -71 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 GBPJPY breaches the lower border, the price could continue its move toward 213.39.