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

The Double Top pattern has been formed on GBPAUD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.9148 is broken, the downward movement will continue.

On the chart of NZDCAD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8248; the lower boundary 0.8216; the width of the pattern 32 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8176 level.

The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 207.62; the resistance level 207.89; the width of the pattern 27 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 29 points.

The Double Top pattern has been formed on AUDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9647 is broken, the downward movement will continue.

According to the chart of M5, NZDUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.6047, the lower border is 0.6038. The signal means that a long position should be opened above the upper border 0.6047 of the Bullish Rectangle.

The Double Top pattern has been formed on NZDUSD D1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5923 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on AUDUSD M5. Characteristics: the upper boundary 0.7087; the lower boundary 0.7080; the width of the pattern is 7 points. Sell trades are better to be opened below the lower boundary 0.7080 with a possible movements towards the 0.7065 level.

According to the chart of M5, SILVER formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 72.05 is likely to encourage a continuation of the downward trend.

According to the chart of H1, #INTC formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 44.97/46.17 and upper border is 47.76/46.17. The pattern width is measured on the chart at -279 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 #INTC breaches the lower border, the price could continue its move toward 45.77.

On the chart of #AMZN M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 201.48; the lower boundary 198.88; the width of the pattern 260 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 198.65 level.