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

The Bullish Flag pattern has been formed on the chart NZDJPY H1 which signals that the upward trend will continue. Signals: а break of the peak at 90.10 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant pattern is formed on the NZDJPY H1 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 90.10, a further uptrend is possible.

On the chart of NZDCAD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8001; the lower boundary 0.7963; the width of the pattern 38 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.7933 level.

The Double Top pattern has been formed on NZDJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 89.74 is broken, the downward movement will continue.

According to the chart of M5, AUDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.9146 is likely to encourage a continuation of the downward trend.