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

According to M5, AUDJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 110.75/110.72 is broken out, the instrument is likely to move toward 110.87.

According to the chart of M30, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.4609/0.4621 whereas the upper border goes across 0.4638/0.4621. 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 0.4651.

According to the chart of M15, SILVER formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 88.89, the lower border is 87.81. The signal means that a long position should be opened above the upper border 88.89 of the Bullish Rectangle.

According to the chart of M5, SILVER formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 87.81 – 87.81 and upper border 88.89 – 88.89. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M30, AUDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5469/0.5495 whereas the upper border goes across 0.5517/0.5495. 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 AUDCHF will breach the upper border to head for 0.5525.

The Double Top reversal pattern has been formed on SILVER M15. Characteristics: the upper boundary 88.89; the lower boundary 87.92; the width of the pattern is 965 points. Sell trades are better to be opened below the lower boundary 87.92 with a possible movements towards the 87.89 level.

According to the chart of M15, NZDJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 93.45 while the median line of the Neck is found at 92.92/93.20. 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 NZDJPY will go towards 93.68

The Double Top pattern has been formed on SILVER M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 88.55 is broken, the downward movement will continue.

According to the chart of M5, #NTDOY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 14.25 and 14.04 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 21 pips. Outlook: If the upper border 14.25 is broken, the price is likely to continue its move by 14.31.

The Bullish pennant pattern is formed on the #NTDOY M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 14.49, a further uptrend is possible.