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

According to the chart of M30, NZDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.5438 and 0.5416 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 22 pips. Outlook: If the upper border 0.5438 is broken, the price is likely to continue its move by 0.5458.

According to the chart of M15, NZDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5935/0.5916 whereas the lower border goes across 0.5900/0.5916. The pattern width is measured on the chart at 35 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5916 is broken, the price could continue its move toward 0.5939.

According to the chart of M15, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5416/0.5428 whereas the upper border goes across 0.5438/0.5428. 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 NZDCHF will breach the upper border to head for 0.5451.

The Bullish pennant signal – Trading instrument EURJPY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 167.31, with the prospect of the next move being a projection of the flagpole height.

The Triple Top pattern has formed on the chart of the GOLD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 2306.57/2322.47 with the upper limit 2327.81/2325.93; the projection of the width is 2124 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 2306.57, the price is most likely to continue the downward movement.

According to the chart of M5, USDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.3731 while the median line of the Neck is found at 1.3720/1.3726. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of USDCAD will go towards 1.3746

The Double Bottom pattern has been formed on GBPAUD M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.9203 is broken. The further movements will rely on the width of the current pattern 21 points.

According to the chart of M5, USDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.3702/1.3727 and upper border is 1.3746/1.3727. The pattern width is measured on the chart at -44 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 USDCAD breaches the lower border, the price could continue its move toward 1.3712.

According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8945/0.8956 whereas the upper border goes across 0.8965/0.8956. 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 AUDCAD will breach the upper border to head for 0.8971.

According to the chart of M5, EURCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.9800/0.9815 whereas the upper border goes across 0.9836/0.9815. 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 EURCHF will breach the upper border to head for 0.9830.