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

The Double Top reversal pattern has been formed on USDCHF M15. Characteristics: the upper boundary 0.9073; the lower boundary 0.9068; the width of the pattern is 5 points. Sell trades are better to be opened below the lower boundary 0.9068 with a possible movements towards the 0.9046 level.

According to the chart of M5, USDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3628/1.3622 whereas the lower border goes across 1.3618/1.3622. The pattern width is measured on the chart at 10 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3622 is broken, the price could continue its move toward 1.3637.

According to the chart of M30, NZDUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.6135 and 0.6080 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 55 pips. Outlook: If the upper border 0.6135 is broken, the price is likely to continue its move by 0.6143.

According to the chart of H1, NZDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.6135/0.6113 whereas the lower border goes across 0.6080/0.6113. The pattern width is measured on the chart at 55 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.6113 is broken, the price could continue its move toward 0.6153.

According to the chart of M5, NZDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8325 - 0.0000 and support 0.8318 – 0.8318. In case the resistance level 0.8318 - 0.8318 is broken, the instrument is likely to follow the bearish trend.

The Double Top pattern has been formed on GBPAUD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.8984 is broken, the downward movement will continue.

The Triple Top pattern has formed on the chart of the EURNZD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 1, support level -6, and pattern’s width 15. Forecast If the price breaks through the support level 1.7755, it is likely to move further down to 1.7758.

On the chart of EURJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 169.25; the lower boundary 169.16; the width of the pattern 9 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 169.01 level.

The Triple Top pattern has formed on the chart of the GBPJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 3, support level -4, and pattern’s width 16. Forecast If the price breaks through the support level 197.14, it is likely to move further down to 197.12.

The Triple Top pattern has formed on the chart of the USDCHF M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.9066/0.9067 with the upper limit 0.9071/0.9073; the projection of the width is 5 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 0.9066, the price is most likely to continue the downward movement.