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

The technical pattern called Head and Shoulders has appeared on the chart of AUDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 105.19/105.17 after the right shoulder has been formed. So, the trend is set to change with the price heading for 105.02.

According to the chart of M15, AUDCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.5347 – 0.5347 and upper border 0.5355 – 0.5355. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 211.36; the lower boundary 211.26; the width of the pattern is 11 points. Sell trades are better to be opened below the lower boundary 211.26 with a possible movements towards the 211.11 level.

The Double Top pattern has been formed on NZDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 90.28 is broken, the downward movement will continue.

According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 2.0072 and 2.0043 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 29 pips. Outlook: If the upper border 2.0072 is broken, the price is likely to continue its move by 2.0075.