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

According to the chart of D1, GBPAUD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.8932/1.9151 whereas the upper border goes across 1.9349/1.9151. 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 GBPAUD will breach the upper border to head for 1.9191.

According to the chart of M5, AUDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5718/0.5711 whereas the lower border goes across 0.5702/0.5711. The pattern width is measured on the chart at 16 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5711 is broken, the price could continue its move toward 0.5726.

According to the chart of M5, NZDCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.8211 – 0.8211 and upper border 0.8220 – 0.8220. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Triple Bottom pattern has formed on the chart of the #GOOG M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 356.44/354.30.

According to the chart of M5, #GOOG produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 352.73 while the median line of the Neck is set at 354.30/354.12. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #GOOG will go towards 354.27.