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

The Double Bottom pattern has been formed on NZDCAD D1. 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 0.8087 is broken. The further movements will rely on the width of the current pattern 171 points.

The Triple Top pattern has formed on the chart of the USDJPY D1. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 157.52/158.29 with the upper limit 159.91/160.04; the projection of the width is 239 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 157.52, the price is most likely to continue the downward movement.

On the chart of AUDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 112.42; the lower boundary 112.32; the width of the pattern 10 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 112.17 level.

According to the chart of M5, EURJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 186.58 – 186.58 and upper border 186.71 – 186.71. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Bullish Flag pattern has been formed on the chart NZDJPY M5 which signals that the upward trend will continue. Signals: а break of the peak at 93.05 may push the price higher, and the rise will be the projection of the pole.