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

The Double Top pattern has been formed on SILVER M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 75.73 is broken, the downward movement will continue.

According to the chart of M5, AUDUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.7248, the lower border is 0.7230. The signal means that a short position should be opened after fixing a price below the lower border 0.7230 of the Bearish Rectangle.

According to the chart of M5, #GOOG formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 389.20 – 389.20 and upper border 393.25 – 393.25. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M30, EURNZD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.9736, the lower border is 1.9682. The signal means that a short position should be opened after fixing a price below the lower border 1.9682 of the Bearish Rectangle.

According to the chart of M15, EURNZD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.9736 - 0.0000 and support 1.9682 – 1.9682. In case the resistance level 1.9682 - 1.9682 is broken, the instrument is likely to follow the bearish trend.