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

According to the chart of M30, AUDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 113.69 – 113.69 and upper border 113.87 – 113.87. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Bullish pennant pattern is formed on the AUDCAD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.9899, a further uptrend is possible.

According to the chart of M15, AUDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 113.69 – 113.69 and upper border 113.87 – 113.87. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Bullish pennant signal – Trading instrument SILVER M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 78.89, with the prospect of the next move being a projection of the flagpole height.

The Double Top pattern has been formed on AUDJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 113.71 is broken, the downward movement will continue.