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

According to the chart of M5, NZDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.4619 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -9 pips.

The Bearish pennant pattern has formed on the AUDJPY M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 110.88, a trader will be able to successfully enter the sell position.

The Bearish Flag pattern has been formed on AUDCAD at M15. The lower boundary of the pattern is located at 0.9643/0.9667 while the upper boundary lies at 0.9667/0.9691. The projection of the flagpole is 58 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.9643 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the AUDCAD M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 0.9643, a trader will be able to successfully enter the sell position.

The Bearish Flag pattern has been formed on AUDUSD at M15. The lower boundary of the pattern is located at 0.7045/0.7063 while the upper boundary lies at 0.7063/0.7081. The projection of the flagpole is 53 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.7045 is broken, the price will move further downwards.