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

The Double Top pattern has been formed on NZDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 92.36 is broken, the downward movement will continue.

The Double Top pattern has been formed on AUDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9641 is broken, the downward movement will continue.

According to the chart of M15, SILVER formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 74.75 is likely to encourage a continuation of the downward trend.

The Double Bottom pattern has been formed on NZDUSD M15; the upper boundary is 0.6032; the lower boundary is 0.6026. The width of the pattern is 7 points. In case of a break of the upper boundary 0.6032, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

According to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.6025 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -7 pips.