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

According to the chart of M30, GBPCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.0618 while the median line of the Neck is set at 1.0644/1.0642. 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 GBPCHF will go towards 1.0672.

According to M15, GBPCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.0644/1.0642 is broken out, the instrument is likely to move toward 1.0664.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 103.54/103.60 whereas the upper border goes across 103.66/103.60. 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 AUDJPY will breach the upper border to head for 103.75.

The Double Top pattern has been formed on NZDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 90.33 is broken, the downward movement will continue.

According to the chart of M15, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 207.50/208.22 whereas the upper border goes across 208.72/208.22. 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 GBPJPY will breach the upper border to head for 208.45.

According to M5, AUDJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 103.70/103.63 is broken out, the instrument is likely to move toward 103.78.

On the chart of GBPJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 208.72; the lower boundary 208.19; the width of the pattern 53 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 207.89 level.

The Double Top pattern has been formed on NZDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 90.51 is broken, the downward movement will continue.

The Double Top pattern has been formed on AUDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 103.80 is broken, the downward movement will continue.

The Triple Bottom pattern has formed on the chart of the AUDUSD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.6669/0.6668.