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

According to the chart of M5, EURNZD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.9757, the lower border is 1.9738. The signal means that a long position should be opened above the upper border 1.9757 of the Bullish Rectangle.

According to the chart of M5, EURJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 185.00, the lower border is 184.93. The signal means that a long position should be opened above the upper border 185.00 of the Bullish Rectangle.

The Double Bottom pattern has been formed on NZDCHF M30; the upper boundary is 0.4643; the lower boundary is 0.4628. The width of the pattern is 15 points. In case of a break of the upper boundary 0.4643, 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 M5, GBPCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.0573/1.0569 whereas the lower border goes across 1.0566/1.0569. The pattern width is measured on the chart at 7 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.0569 is broken, the price could continue its move toward 1.0584.

The Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 213.49 is broken, the downward movement will continue.