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

The Double Bottom pattern has formed on the USDJPY M5 chart. Its support is at 158.16, its resistance is at 158.40, and its width is 24 points. A break above resistance may confirm a trend reversal, with the first target projected 25 points away.

A Bullish Pennant continuation signal has formed on the NZDCAD M15 chart. A long position may be considered above the pattern high at 0.7865, with the projected move based on the height of the flagpole.

The Bullish Pennant pattern has formed on the NZDJPY M5 chart. This is a continuation pattern. If the price closes above the pennant high at 88.11, the uptrend is likely to continue.

The Double Top reversal pattern has formed on the NZDCHF M15 chart. Its upper boundary is at 0.4561, its lower boundary is at 0.4550, and its width is 10 points. A short position may be considered below the lower boundary at 0.4550, with a potential target at 0.4527.

The Double Bottom pattern has formed on the AUDUSD M30 chart. Its upper boundary is at 0.6870, its lower boundary is at 0.6857, and its width is 12 points. A break above the upper boundary at 0.6870 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.