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

According to the chart of M5, NZDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.4612/0.4617 and upper border is 0.4622/0.4617. The pattern width is measured on the chart at -10 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 NZDCHF breaches the lower border, the price could continue its move toward 0.4602.

On the chart of NZDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 91.15; the lower boundary 90.97; the width of the pattern 18 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 90.75 level.

On the chart of AUDCAD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9317; the lower boundary 0.9297; the width of the pattern 20 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9257 level.

On the chart of AUDCAD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9317; the lower boundary 0.9297; the width of the pattern 20 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9267 level.

According to the chart of M15, NZDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4620, the lower border is 0.4612. The signal means that a long position should be opened above the upper border 0.4620 of the Bullish Rectangle.

According to the chart of M5, GOLD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 4592.14/4602.01 whereas the upper border goes across 4615.69/4602.01. 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 GOLD will breach the upper border to head for 4602.16.

The Double Top pattern has been formed on NZDJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 90.82 is broken, the downward movement will continue.

According to the chart of M15, GOLD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 4588.55/4603.98 whereas the upper border goes across 4620.41/4603.98. 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 GOLD will breach the upper border to head for 4604.21.

On the chart of NZDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 91.14; the lower boundary 90.82; the width of the pattern 32 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 90.60 level.

The Bullish Flag pattern has been formed on the chart NZDCHF M15 which signals that the upward trend will continue. Signals: а break of the peak at 0.4619 may push the price higher, and the rise will be the projection of the pole.