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

According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8959/0.8966 whereas the upper border goes across 0.8972/0.8966. 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 AUDCAD will breach the upper border to head for 0.8981.

According to the chart of M5, EURCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.4713 and 1.4700 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 13 pips. Outlook: If the upper border 1.4713 is broken, the price is likely to continue its move by 1.4722.

According to the chart of M5, EURCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9822 and support 0.9818. In case the resistance level 0.9822 - 0.9822 is broken, the instrument is likely to follow the bullish trend.

The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 1.9171; the resistance level 1.9192; the width of the pattern 21 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 20 points.

According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 195.72 and 195.13 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 59 pips. Outlook: If the upper border 195.72 is broken, the price is likely to continue its move by 195.54.

According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 155.57/155.96 whereas the upper border goes across 156.29/155.96. 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 USDJPY will breach the upper border to head for 156.11.

According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 167.35 and 166.80 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 55 pips. Outlook: If the upper border 167.35 is broken, the price is likely to continue its move by 167.22.

According to the chart of M5, GBPJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 195.20 – 195.20 and upper border 195.72 – 195.72. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M5, EURJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 166.88 – 166.88 and upper border 167.35 – 167.35. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 1.9170; the resistance level 1.9182; 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 11 points.