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

The EURUSD M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.0752, the Neckline and the upward angle are at 1.0718/1.0726. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of EURUSD will go towards 1.0696.

On the chart of EURUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.0738; the lower boundary 1.0678; the width of the pattern 60 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.0655 level.

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 1.0721 – 1.0721 and upper border 1.0729 – 1.0729. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M30, EURUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.0714/1.0690 whereas the lower border goes across 1.0669/1.0690. The pattern width is measured on the chart at 45 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.0690 is broken, the price could continue its move toward 1.0720.

According to the chart of M15, EURUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.0714 and 1.0669 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 45 pips. Outlook: If the upper border 1.0714 is broken, the price is likely to continue its move by 1.0712.

According to the chart of M5, EURUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.0699/1.0703 whereas the upper border goes across 1.0707/1.0703. 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 EURUSD will breach the upper border to head for 1.0718.

According to the chart of M15, EURUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.0638/1.0666 and upper border is 1.0700/1.0666. The pattern width is measured on the chart at -62 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 EURUSD breaches the lower border, the price could continue its move toward 1.0644.

According to the chart of M5, EURUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.0638 is likely to encourage a continuation of the downward trend.

The Triple Bottom pattern has formed on the chart of the EURUSD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.0655/1.0653.

According to the chart of M30, EURUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.0652, the lower border is 1.0630. The signal means that a long position should be opened above the upper border 1.0652 of the Bullish Rectangle.