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

The Double Bottom pattern has formed on the USDCHF M5 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 0.8252. The projected move is based on the pattern width of 22 points.

The Bearish Rectangle has formed on the AUDUSD M5 chart and indicates a likely continuation of the trend. Its resistance zone is at 0.7026–0.7026 and its support zone is at 0.7019–0.7019. A break below support at 0.7019 is likely to signal a continuation of the bearish trend.

The Bullish Symmetrical Triangle pattern has formed on the GOLD M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 3912.85/3902.81, while its lower boundary passes through 3890.72/3902.81. The pattern width is 2213 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 3902.81 could send the price toward 3902.96.

The Double Top reversal pattern has formed on the USDJPY M15 chart. Its upper boundary is at 158.00, its lower boundary is at 157.88, and its width is 12 points. A break below the lower boundary is likely to confirm further downward movement toward 157.65.

The Double Bottom pattern has formed on the NZDUSD M5 chart. Its upper boundary is at 0.5609, its lower boundary is at 0.5603, and its width is 6 points. A break above the upper boundary at 0.5609 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.

The Triple Bottom pattern has formed on the AUDCAD H1 chart. A break above the confirmation resistance at 0.9836 may signal a reversal from a downtrend to an uptrend.

The Triple Top pattern has formed on the chart of GBPJPY M5 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 211.19 may confirm the bearish scenario. The projected peak-to-trough width is 6 points.

A Bullish Pennant continuation signal has formed on the EURJPY M5 chart. A long position may be considered above the pattern high at 176.31, with the projected move based on the height of the flagpole.

The Bullish Flag continuation pattern has formed on the USDCAD M5 chart. If the price breaks above the pattern high at 1.3982, a long position may be considered with a target at 1.3997.

The Head and Shoulders pattern has formed on the GBPCHF M5 chart. After the right shoulder forms, a break below the lower of the neckline anchors at 1.1038/1.1038 may confirm the bearish reversal.