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

According to the chart of M15, GBPAUD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 2.0186/2.0138 whereas the lower border goes across 2.0090/2.0138. The pattern width is measured on the chart at 96 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 2.0138 is broken, the price could continue its move toward 2.0161.

According to the chart of H1, GBPAUD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 2.0058 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -156 pips.

According to the chart of M30, AUDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5311/0.5289 whereas the lower border goes across 0.5269/0.5289. The pattern width is measured on the chart at 42 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5289 is broken, the price could continue its move toward 0.5319.

The Double Bottom pattern has been formed on GBPUSD M5. Characteristics: the support level 1.3499; the resistance level 1.3505; the width of the pattern 6 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 5 points.

On the chart of NZDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 90.77; the lower boundary 90.68; the width of the pattern 9 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 90.46 level.

On the chart of AUDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 104.77; the lower boundary 104.61; the width of the pattern 16 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 104.39 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 90.65 is broken, the downward movement will continue.

According to the chart of M5, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 210.71/210.87 whereas the upper border goes across 211.05/210.87. 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 211.02.

The Double Top pattern has been formed on GOLD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 4355.79 is broken, the downward movement will continue.

The Triple Top pattern has formed on the chart of the SILVER M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -205, and pattern’s width 355. Forecast If the price breaks through the support level 74.22, it is likely to move further down to 74.56.