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

The Double Bottom pattern has been formed on GOLD M5; the upper boundary is 4470.61; the lower boundary is 4454.88. The width of the pattern is 1444 points. In case of a break of the upper boundary 4470.61, 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 M15, AUDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.5657 and 0.5647 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 10 pips. Outlook: If the upper border 0.5657 is broken, the price is likely to continue its move by 0.5674.

The technical pattern called Head and Shoulders has appeared on the chart of NZDCHF M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.4666/0.4665 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.4650.

According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.9919/0.9926 whereas the upper border goes across 0.9936/0.9926. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDCAD will breach the upper border to head for 0.9941.

According to the chart of M5, AUDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5657/0.5651 whereas the lower border goes across 0.5647/0.5651. The pattern width is measured on the chart at 10 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5651 is broken, the price could continue its move toward 0.5666.