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

The Double Bottom pattern has been formed on #NTDOY D1; the upper boundary is 16.14; the lower boundary is 12.86. The width of the pattern is 312 points. In case of a break of the upper boundary 16.14, 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.

The Double Top reversal pattern has been formed on GBPCHF H1. Characteristics: the upper boundary 1.0596; the lower boundary 1.0580; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 1.0580 with a possible movements towards the 1.0540 level.

According to the chart of M30, AUDCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.5607 – 0.5607 and upper border 0.5620 – 0.5620. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Bottom pattern has been formed on GOLD M30. Characteristics: the support level 4693.77; the resistance level 4753.15; the width of the pattern 5938 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 6122 points.

The Triple Top pattern has formed on the chart of the GBPCHF M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.0580/1.0587 with the upper limit 1.0596/1.0595; the projection of the width is 16 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 1.0580, the price is most likely to continue the downward movement.