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

The Double Top reversal pattern has been formed on NZDJPY M5. Characteristics: the upper boundary 86.17; the lower boundary 85.99; the width of the pattern is 18 points. Sell trades are better to be opened below the lower boundary 85.99 with a possible movements towards the 85.84 level.

The Double Bottom pattern has been formed on EURCHF H1; the upper boundary is 0.9545; the lower boundary is 0.9527. The width of the pattern is 17 points. In case of a break of the upper boundary 0.9545, 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 Top reversal pattern has been formed on EURJPY M5. Characteristics: the upper boundary 162.63; the lower boundary 162.42; the width of the pattern is 21 points. Sell trades are better to be opened below the lower boundary 162.42 with a possible movements towards the 162.27 level.

On the chart of GOLD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 3021.40; the lower boundary 3019.22; the width of the pattern 218 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 3019.07 level.

The Double Bottom pattern has been formed on #Bitcoin 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 86847.43 is broken. The further movements will rely on the width of the current pattern 58362 points.

On the chart of USDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.4331; the lower boundary 1.4319; the width of the pattern 12 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.4304 level.

According to the chart of M15, NZDCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.8172 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -37 pips.

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.