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

The Double Bottom pattern has been formed on NZDJPY M30. 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 92.39 is broken. The further movements will rely on the width of the current pattern 29 points.

The Double Bottom pattern has been formed on NZDJPY 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 92.39 is broken. The further movements will rely on the width of the current pattern 29 points.

The Triple Bottom pattern has been formed on AUDJPY M15. It has the following characteristics: resistance level 108.16/108.06; support level 107.80/107.84; the width is 36 points. In the event of a breakdown of the resistance level of 108.16, the price is likely to continue an upward movement at least to 108.08.

The Triple Top pattern has formed on the chart of the AUDCAD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.9625/0.9631 with the upper limit 0.9637/0.9635; the projection of the width is 12 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 0.9625, the price is most likely to continue the downward movement.

According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 92.10 is likely to encourage a continuation of the downward trend.

The Bearish pennant pattern has formed on the GBPCHF M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.0461; the projection of the flagpole height is equal to 18 pips. In case the price breaks out the pattern’s bottom of 1.0461, the downtrend is expected to continue for further level 1.0431.

The Double Bottom pattern has been formed on GBPJPY M5; the upper boundary is 208.14; the lower boundary is 208.03. The width of the pattern is 11 points. In case of a break of the upper boundary 208.14, 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.

The Double Bottom pattern has been formed on GBPJPY M5. 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 208.19 is broken. The further movements will rely on the width of the current pattern 17 points.

The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 208.25; the resistance level 208.42; the width of the pattern 17 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 18 points.

The Triple Bottom pattern has formed on the chart of the NZDJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 92.33/92.23.