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

The Double Top pattern has been formed on USDJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 157.51 is broken, the downward movement will continue.

The Bullish pennant graphic pattern has formed on the USDCHF H1 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 0.7859.

According to the chart of M5, EURGBP formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8696/0.8678 whereas the lower border goes across 0.8662/0.8678. The pattern width is measured on the chart at 34 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8678 is broken, the price could continue its move toward 0.8693.

According to the chart of M15, GOLD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 4686.68 – 4686.68 and upper border 4711.07 – 4711.07. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on EURUSD M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.1748 is broken. The further movements will rely on the width of the current pattern 13 points.