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

According to the chart of M5, AUDUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.6742 - 0.0000 and support 0.6734 – 0.6734. In case the resistance level 0.6734 - 0.6734 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M5, NZDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.7995, the lower border is 0.7987. The signal means that a long position should be opened above the upper border 0.7995 of the Bullish Rectangle.

The Triple Bottom pattern has formed on the chart of the AUDJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 105.45/105.42.

The Double Bottom pattern has been formed on AUDUSD M5; the upper boundary is 0.6740; the lower boundary is 0.6735. The width of the pattern is 5 points. In case of a break of the upper boundary 0.6740, 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 Bullish pennant signal – Trading instrument NZDCHF M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.4604, with the prospect of the next move being a projection of the flagpole height.