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

The Bullish pennant graphic pattern has formed on the #Bitcoin M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 69392.27.

According to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.3258 and 1.3245 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 1.3258 is broken, the price is likely to continue its move by 1.3266.

The Triple Bottom pattern has formed on the chart of EURNZD M15. Features of the pattern: The lower line of the pattern has coordinates 2.0211 with the upper limit 2.0211/2.0209, the projection of the width is 17 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 2.0194, the price is most likely to continue the upward movement.

According to the chart of M15, EURNZD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 2.0211 - 0.0000 and support 2.0193 – 2.0193. In case the resistance level 2.0193 - 2.0193 is broken, the instrument is likely to follow the bearish trend.

The Triple Top pattern has formed on the chart of the GBPUSD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.3204/1.3213 with the upper limit 1.3217/1.3218; the projection of the width is 13 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 1.3204, the price is most likely to continue the downward movement.

According to the chart of D1, AUDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9758 and support 0.9459. In case the resistance level 0.9758 - 0.9758 is broken, the instrument is likely to follow the bullish trend.

The Triple Bottom pattern has formed on the chart of the EURNZD M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 2.0254/2.0211.

The Double Bottom pattern has been formed on EURNZD M15; the upper boundary is 2.0254; the lower boundary is 2.0193. The width of the pattern is 62 points. In case of a break of the upper boundary 2.0254, 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, EURNZD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 2.0193 while the median line of the Neck is set at 2.0205/2.0203. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of EURNZD will go towards 2.0218.

The Double Top reversal pattern has been formed on NZDJPY M15. Characteristics: the upper boundary 91.01; the lower boundary 90.87; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 90.87 with a possible movements towards the 90.64 level.