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

According to the chart of M5, NZDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4630, the lower border is 0.4623. The signal means that a long position should be opened above the upper border 0.4630 of the Bullish Rectangle.

The Double Bottom pattern has been formed on NZDJPY M5; the upper boundary is 92.33; the lower boundary is 92.25. The width of the pattern is 8 points. In case of a break of the upper boundary 92.33, 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, GBPCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.0652, the lower border is 1.0602. The signal means that a short position should be opened after fixing a price below the lower border 1.0602 of the Bearish Rectangle.

According to the chart of M30, GBPCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.0652, the lower border is 1.0602. The signal means that a short position should be opened after fixing a price below the lower border 1.0602 of the Bearish Rectangle.

According to the chart of M5, AUDUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.6756 and support 0.6747. In case the resistance level 0.6756 - 0.6756 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M5, AUDCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.5344 – 0.5344 and upper border 0.5351 – 0.5351. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M5, GOLD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 4888.06 and 4821.16 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 6690 pips. Outlook: If the upper border 4888.06 is broken, the price is likely to continue its move by 4858.86.

According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 106.24/106.60 and upper border is 106.85/106.60. The pattern width is measured on the chart at -61 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDJPY breaches the lower border, the price could continue its move toward 106.45.

On the chart of AUDUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6756; the lower boundary 0.6748; the width of the pattern 8 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.6733 level.

According to the chart of H1, GBPJPY formed the Head and Shoulders pattern. The Head’s top is set at 213.46 while the median line of the Neck is found at 211.82/212.09. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPJPY will go towards 211.69.