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

According to the chart of H1, AUDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 92.16/91.74 whereas the lower border goes across 91.21/91.74. The pattern width is measured on the chart at 95 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 91.74 is broken, the price could continue its move toward 92.14.

According to the chart of M30, AUDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 92.16/91.75 whereas the lower border goes across 91.20/91.75. The pattern width is measured on the chart at 96 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 91.75 is broken, the price could continue its move toward 92.05.

According to the chart of M5, AUDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 91.68 - 0.00 and support 91.53 – 91.53. In case the resistance level 91.53 - 91.53 is broken, the instrument is likely to follow the bearish trend.

The Triple Top pattern has formed on the chart of the AUDJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 1, support level -21, and pattern’s width 32. Forecast If the price breaks through the support level 91.66, it is likely to move further down to 91.84.

On the chart of AUDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 91.48; the lower boundary 91.39; the width of the pattern 9 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 91.17 level.