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

According to the chart of M5, EURNZD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.9499 and 1.9472 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 27 pips. Outlook: If the upper border 1.9499 is broken, the price is likely to continue its move by 1.9503.

The Triple Bottom pattern has formed on the chart of NZDCAD M5. Features of the pattern: The lower line of the pattern has coordinates 0.8242 with the upper limit 0.8242/0.8238, the projection of the width is 8 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 0.8234, the price is most likely to continue the upward movement.

The Triple Bottom pattern has been formed on NZDCHF M5. It has the following characteristics: resistance level 0.4745/0.4741; support level 0.4738/0.4739; the width is 7 points. In the event of a breakdown of the resistance level of 0.4745, the price is likely to continue an upward movement at least to 0.4753.

According to the chart of M30, GBPAUD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.9147 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -52 pips.

The technical pattern called Head and Shoulders has appeared on the chart of USDCHF M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.8099/0.8100 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.8085.

The technical pattern called Head and Shoulders has appeared on the chart of AUDUSD M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.7004/0.7005 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.6990.

According to the chart of H1, EURGBP formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.8468 is likely to encourage a continuation of the downward trend.

The Double Top pattern has been formed on AUDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9857 is broken, the downward movement will continue.

On the chart of the USDCHF M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.8096, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 10 points.

According to the chart of M5, AUDUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.7002 - 0.0000 and support 0.6994 – 0.6994. In case the resistance level 0.6994 - 0.6994 is broken, the instrument is likely to follow the bearish trend.