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

According to the chart of M5, AUDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.6295/0.6288 whereas the lower border goes across 0.6279/0.6288. The pattern width is measured on the chart at 16 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.6288 is broken, the price could continue its move toward 0.6303.

According to M5, NZDCAD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.8191/0.8192 is broken out, the instrument is likely to move toward 0.8207.

According to the chart of M5, GBPJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 194.52 – 194.52 and upper border 194.72 – 194.72. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 194.54; the resistance level 194.68; the width of the pattern 14 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 15 points.

According to the chart of H1, GBPCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.1457 and 1.1371 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 86 pips. Outlook: If the upper border 1.1457 is broken, the price is likely to continue its move by 1.1446.

According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 150.95/150.72 whereas the lower border goes across 150.50/150.72. The pattern width is measured on the chart at 45 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 150.72 is broken, the price could continue its move toward 150.87.

The technical pattern called Head and Shoulders has appeared on the chart of AUDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 94.62/94.62 after the right shoulder has been formed. So, the trend is set to change with the price heading for 94.47.

The Double Bottom pattern has been formed on AUDJPY M5; the upper boundary is 94.85; the lower boundary is 94.62. The width of the pattern is 23 points. In case of a break of the upper boundary 94.85, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

According to the chart of M5, USDJPY formed the Head and Shoulders pattern. The Head’s top is set at 150.87 while the median line of the Neck is found at 150.68/150.70. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of USDJPY will go towards 150.55.

On the chart of NZDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 86.34; the lower boundary 86.21; the width of the pattern 13 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 85.99 level.