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

The Double Top pattern has been formed on GBPCHF M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.0800 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on #MCD M5. Characteristics: the support level 307.06; the resistance level 309.81; the width of the pattern 275 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 262 points.

The Double Top pattern has been formed on NZDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8255 is broken, the downward movement will continue.

The Triple Top pattern has formed on the chart of the AUDJPY M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 90.26/90.45 with the upper limit 90.76/90.82; the projection of the width is 50 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 90.26, the price is most likely to continue the downward movement.

The Double Bottom pattern has been formed on #EBAY M15; the upper boundary is 67.35; the lower boundary is 65.16. The width of the pattern is 215 points. In case of a break of the upper boundary 67.35, 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 technical pattern called Head and Shoulders has appeared on the chart of EURCHF M15. There are weighty reasons to suggest that the price will surpass the Neckline 0.9278/0.9279 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.9257.

According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.3203 is likely to encourage a continuation of the downward trend.

According to the chart of M30, EURUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.1264 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -195 pips.

The Bullish Flag pattern has been formed on the chart NZDCHF M5 which signals that the upward trend will continue. Signals: а break of the peak at 0.4850 may push the price higher, and the rise will be the projection of the pole.

The Triple Bottom pattern has formed on the chart of GBPCHF M5. Features of the pattern: The lower line of the pattern has coordinates 1.0820 with the upper limit 1.0820/1.0812, the projection of the width is 16 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.0804, the price is most likely to continue the upward movement.