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

The Double Bottom pattern has been formed on EURGBP D1. Characteristics: the support level 0.8611; the resistance level 0.8788; the width of the pattern 177 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 172 points.

According to the chart of M15, NZDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.4678/0.4670 whereas the lower border goes across 0.4664/0.4670. The pattern width is measured on the chart at 14 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.4670 is broken, the price could continue its move toward 0.4692.

The Double Bottom pattern has been formed on EURCAD M5; the upper boundary is 1.6098; the lower boundary is 1.6083. The width of the pattern is 15 points. In case of a break of the upper boundary 1.6098, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

According to the chart of M15, NZDUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.5975 – 0.5975 and upper border 0.5989 – 0.5989. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M15, NZDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 95.38 and support 95.22. In case the resistance level 95.38 - 95.38 is broken, the instrument is likely to follow the bullish trend.