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

The Double Bottom pattern has formed on the SILVER M5 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 66.16. The projected move is based on the pattern width of 700 points.

The Bullish Symmetrical Triangle pattern has formed on the GBPUSD M5 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 1.3544 and 1.3529, respectively. The pattern width is 15 points. If the price breaks above the upper boundary at 1.3544, it is likely to move toward 1.3552.

The Head and Shoulders pattern has formed on the EURCAD M5 chart. The head high is at 1.6084, while the neckline passes through 1.6067/1.6068. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal.

The Bearish Symmetrical Triangle pattern has formed on the NZDCHF M15 chart. Its lower boundary passes through 0.4751/0.4756, while its upper boundary passes through 0.4762/0.4756. The pattern width is 11 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If NZDCHF breaks below the lower boundary, the price could move toward 0.4733.

The Double Top pattern has formed on the GBPCHF D1 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 1.0837 is likely to confirm further downward movement.