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

According to M5, GBPAUD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 2.0172/2.0173 is broken out, the instrument is likely to move toward 2.0188.

According to the chart of M15, GBPUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.3383 while the median line of the Neck is found at 1.3321/1.3335. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPUSD will go towards 1.3312.

According to the chart of M5, GBPCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.0701 – 1.0701 and upper border 1.0711 – 1.0711. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Bottom pattern has been formed on #PEP M5. 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 146.51 is broken. The further movements will rely on the width of the current pattern 39 points.

According to the chart of M5, NZDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5774/0.5769 whereas the lower border goes across 0.5762/0.5769. The pattern width is measured on the chart at 12 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5769 is broken, the price could continue its move toward 0.5784.