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

On the chart of AUDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 108.30; the lower boundary 107.78; the width of the pattern 52 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 107.63 level.

According to the chart of M5, GBPJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 211.39 is likely to encourage a continuation of the downward trend.

According to the chart of M30, GBPCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.0564/1.0593 whereas the upper border goes across 1.0627/1.0593. 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 GBPCHF will breach the upper border to head for 1.0623.

According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.0584/1.0594 whereas the upper border goes across 1.0605/1.0594. 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 GBPCHF will breach the upper border to head for 1.0609.

According to the chart of M5, NZDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.8184 is likely to encourage a continuation of the downward trend.