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

According to M15, AUDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.6041/0.6043 is broken out, the instrument is likely to move toward 0.6065.

The Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 199.31 is broken, the downward movement will continue.

The USDCHF M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.9153, the Neckline and the upward angle are at 0.9148/0.9148. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of USDCHF will go towards 0.9133.

The Double Top reversal pattern has been formed on GOLD M5. Characteristics: the upper boundary 2338.79; the lower boundary 2336.26; the width of the pattern is 282 points. Sell trades are better to be opened below the lower boundary 2336.26 with a possible movements towards the 2336.11 level.

The Double Bottom pattern has been formed on EURUSD H1; the upper boundary is 1.0815; the lower boundary is 1.0805. The width of the pattern is 11 points. In case of a break of the upper boundary 1.0815, 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 M15, GBPJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 199.09 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -33 pips.

The Double Bottom pattern has been formed on AUDCAD 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 0.9083 is broken. The further movements will rely on the width of the current pattern 31 points.

The Double Bottom pattern has been formed on AUDCHF H1. 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 0.6041 is broken. The further movements will rely on the width of the current pattern 8 points.

The Double Bottom pattern has been formed on EURUSD M30; the upper boundary is 1.0815; the lower boundary is 1.0805. The width of the pattern is 11 points. In case of a break of the upper boundary 1.0815, 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 H1, EURNZD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.7815/1.7730 whereas the lower border goes across 1.7622/1.7730. The pattern width is measured on the chart at 193 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.7730 is broken, the price could continue its move toward 1.7770.