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

According to the chart of M5, USDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8044/0.8052 and upper border is 0.8060/0.8052. The pattern width is measured on the chart at -16 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and USDCHF breaches the lower border, the price could continue its move toward 0.8037.

According to the chart of M5, NZDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8104/0.8099 whereas the lower border goes across 0.8095/0.8099. The pattern width is measured on the chart at 9 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8099 is broken, the price could continue its move toward 0.8114.

The Triple Top pattern has formed on the chart of the AUDCAD M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.9862/0.9870 with the upper limit 0.9884/0.9885; the projection of the width is 22 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.9862, the price is most likely to continue the downward movement.

The Double Top reversal pattern has been formed on AUDCAD H1. Characteristics: the upper boundary 0.9884; the lower boundary 0.9862; the width of the pattern is 23 points. Sell trades are better to be opened below the lower boundary 0.9862 with a possible movements towards the 0.9822 level.

The Double Bottom pattern has been formed on EURJPY M5. Characteristics: the support level 185.07; the resistance level 185.22; the width of the pattern 15 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 14 points.