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

The Double Top reversal pattern has been formed on EURNZD M5. Characteristics: the upper boundary 2.0034; the lower boundary 2.0021; the width of the pattern is 12 points. Sell trades are better to be opened below the lower boundary 2.0021 with a possible movements towards the 2.0006 level.

The Double Bottom pattern has been formed on NZDJPY 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 92.17 is broken. The further movements will rely on the width of the current pattern 11 points.

On the chart of AUDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 113.11; the lower boundary 113.04; the width of the pattern 7 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 112.89 level.

According to the chart of M15, USDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.8096 and 0.8071 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 25 pips. Outlook: If the upper border 0.8096 is broken, the price is likely to continue its move by 0.8106.

According to the chart of M15, GBPAUD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.8894/1.8914 whereas the upper border goes across 1.8929/1.8914. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPAUD will breach the upper border to head for 1.8937.

The Triple Top pattern has formed on the chart of the GBPAUD M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 4, support level -10, and pattern’s width 34. Forecast If the price breaks through the support level 1.8895, it is likely to move further down to 1.8893.

The technical pattern called Head and Shoulders has appeared on the chart of AUDCHF M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.5655/0.5658 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.5643.

According to the chart of M5, #MCD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 271.58, the lower border is 270.40. The signal means that a short position should be opened after fixing a price below the lower border 270.40 of the Bearish Rectangle.

The Triple Top pattern has formed on the chart of the #INTC M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 139.83/140.22 with the upper limit 140.92/140.98; the projection of the width is 109 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 139.83, the price is most likely to continue the downward movement.

The Triple Bottom pattern has formed on the chart of the #MCD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 271.58/271.17.