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

According to the chart of M30, NZDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.7969 - 0.0000 and support 0.7956 – 0.7956. In case the resistance level 0.7956 - 0.7956 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M5, #MA formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 578.62 – 578.62 and upper border 579.89 – 579.89. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M5, GOLD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 4503.75/4525.73 whereas the upper border goes across 4549.47/4525.73. 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 GOLD will breach the upper border to head for 4525.88.

According to the chart of M15, NZDCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.7956 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -14 pips.

According to the chart of M5, #EBAY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 85.06 and 84.73 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 33 pips. Outlook: If the upper border 85.06 is broken, the price is likely to continue its move by 85.02.