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The Double Top pattern has been formed on AUDCAD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9870 is broken, the downward movement will continue.

On the chart of the NZDUSD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.5938, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 13 points.

According to the chart of M5, GBPAUD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.8673 while the median line of the Neck is set at 1.8704/1.8699. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of GBPAUD will go towards 1.8714.

The Double Top pattern has been formed on AUDUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.7235 is broken, the downward movement will continue.

According to the chart of M5, AUDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9891/0.9913 and upper border is 0.9930/0.9913. The pattern width is measured on the chart at -39 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 AUDCAD breaches the lower border, the price could continue its move toward 0.9898.