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

According to the chart of M15, SILVER formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 84.56 and support 83.55. In case the resistance level 84.56 - 84.56 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 2.0071 and 2.0046 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 25 pips. Outlook: If the upper border 2.0071 is broken, the price is likely to continue its move by 2.0072.

The Double Top pattern has been formed on SILVER M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 83.57 is broken, the downward movement will continue.

According to the chart of M5, AUDUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.6702 – 0.6702 and upper border 0.6713 – 0.6713. In case the upper border is broken, the instrument is likely to follow the upward trend.

On the chart of AUDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 105.85; the lower boundary 105.66; the width of the pattern 19 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 105.51 level.