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

The Bearish Rectangle has formed on the EURUSD M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 1.1216 and its lower boundary is at 1.1207. A short position may be considered once the price closes below the lower boundary at 1.1207 of the Bearish Rectangle.

The Triple Bottom pattern has formed on the chart of AUDCAD M30. The lower boundary is at 0.9810, while the upper boundary is at 0.9842/0.9831. The projected width is 29 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 0.9842 is broken, the price is likely to continue upward.

The Bearish Symmetrical Triangle pattern has formed on the GBPAUD H1 chart. Its lower boundary passes through 1.9029/1.9083, while its upper boundary passes through 1.9130/1.9083. The pattern width is 101 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If GBPAUD breaks below the lower boundary, the price could move toward 1.9043.

The Double Top pattern has formed on the NZDUSD M30 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 0.5662 is likely to confirm further downward movement.

The Double Top reversal pattern has formed on the NZDUSD M15 chart. Its upper boundary is at 0.5694, its lower boundary is at 0.5662, and its width is 32 points. A short position may be considered below the lower boundary at 0.5662, with a potential target at 0.5640.