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

Actual patterns

2025-01-21T03:40:10
rise fall
EURJPY M5
Double Bottom
The Double Bottom pattern has been formed on EURJPY M5. Characteristics: the support level 160.94; the resistance level 161.22; the width of the pattern 28 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 30 points.
2025-01-21T03:35:16
rise fall
GBPJPY M5
Double Bottom
The Double Bottom pattern has been formed on GBPJPY M5; the upper boundary is 190.77; the lower boundary is 190.49. The width of the pattern is 32 points. In case of a break of the upper boundary 190.77, 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.
2025-01-21T03:09:51
rise fall
USDJPY M5
Double Bottom
The Double Bottom pattern has been formed on USDJPY M5. Characteristics: the support level 154.92; the resistance level 156.24; the width of the pattern 132 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 127 points.
2025-01-21T02:55:21
rise fall
USDJPY M5
Bearish pennant
The Bearish pennant pattern has formed on the USDJPY M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 154.97; the projection of the flagpole height is equal to 49 pips. In case the price breaks out the pattern’s bottom of 154.97, the downtrend is expected to continue for further level 154.82.
2025-01-21T02:05:21
rise fall
AUDCHF M5
Bullish Symmetrical Triangle
According to the chart of M5, AUDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.5693 and 0.5633 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 60 pips. Outlook: If the upper border 0.5693 is broken, the price is likely to continue its move by 0.5678.
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