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

The Double Bottom pattern has been formed on NZDJPY M5. Characteristics: the support level 93.12; the resistance level 93.24; the width of the pattern 12 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 13 points.

The Double Top pattern has been formed on NZDCHF H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4562 is broken, the downward movement will continue.

The Triple Top pattern has formed on the chart of the GBPCHF M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.0440/1.0450 with the upper limit 1.0452/1.0453; the projection of the width is 12 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 1.0440, the price is most likely to continue the downward movement.

The Double Top reversal pattern has been formed on GBPJPY H1. Characteristics: the upper boundary 211.35; the lower boundary 210.72; the width of the pattern is 61 points. Sell trades are better to be opened below the lower boundary 210.72 with a possible movements towards the 210.32 level.

On the chart of GBPJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 211.33; the lower boundary 210.72; the width of the pattern 61 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 210.42 level.