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

The EURJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 186.63, the Neckline and the upward angle are at 186.29/186.34. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of EURJPY will go towards 186.19.

The Double Bottom pattern has been formed on GOLD D1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 4202.52 is broken. The further movements will rely on the width of the current pattern 25942 points.

According to the chart of M5, SILVER formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 58.64 – 58.64 and upper border 58.97 – 58.97. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Top reversal pattern has been formed on GBPAUD D1. Characteristics: the upper boundary 1.9356; the lower boundary 1.9155; the width of the pattern is 194 points. Sell trades are better to be opened below the lower boundary 1.9155 with a possible movements towards the 1.9115 level.

The Double Bottom pattern has been formed on GOLD D1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 4202.52 is broken. The further movements will rely on the width of the current pattern 25942 points.