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

The EURGBP M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.8567, the Neckline and the upward angle are at 0.8557/0.8558. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of EURGBP will go towards 0.8536.

According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 91.79/92.01 whereas the upper border goes across 92.18/92.01. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of NZDJPY will breach the upper border to head for 92.16.

The Triple Bottom pattern has formed on the chart of the GOLD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 4057.63/4052.39.

The Double Top reversal pattern has been formed on USDCAD M15. Characteristics: the upper boundary 1.4043; the lower boundary 1.4035; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 1.4035 with a possible movements towards the 1.4013 level.

The Double Top reversal pattern has been formed on EURCAD H1. Characteristics: the upper boundary 1.6192; the lower boundary 1.6177; the width of the pattern is 14 points. Sell trades are better to be opened below the lower boundary 1.6177 with a possible movements towards the 1.6137 level.