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

The technical pattern called Head and Shoulders has appeared on the chart of NZDCHF M15. There are weighty reasons to suggest that the price will surpass the Neckline 0.4592/0.4594 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.4572.

According to the chart of M5, GBPJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 210.48 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -103 pips.

The Double Top reversal pattern has been formed on GOLD M30. Characteristics: the upper boundary 4496.87; the lower boundary 4429.93; the width of the pattern is 6928 points. Sell trades are better to be opened below the lower boundary 4429.93 with a possible movements towards the 4429.63 level.

On the chart of NZDUSD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5839; the lower boundary 0.5814; the width of the pattern 25 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5784 level.

On the chart of NZDUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5839; the lower boundary 0.5814; the width of the pattern 25 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5792 level.