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

According to the chart of M15, USDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8096/0.8085 whereas the lower border goes across 0.8072/0.8085. The pattern width is measured on the chart at 24 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8085 is broken, the price could continue its move toward 0.8108.

The Triple Bottom pattern has formed on the chart of SILVER M5. Features of the pattern: The lower line of the pattern has coordinates 62.98 with the upper limit 62.98/62.52, the projection of the width is 635 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 62.35, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on GBPUSD M15. Characteristics: the support level 1.3233; the resistance level 1.3248; the width of the pattern 15 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 16 points.

The Double Bottom pattern has been formed on SILVER M5. 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 62.98 is broken. The further movements will rely on the width of the current pattern 635 points.

The Triple Bottom pattern has been formed on NZDCAD M5. It has the following characteristics: resistance level 0.8075/0.8067; support level 0.8064/0.8063; the width is 11 points. In the event of a breakdown of the resistance level of 0.8075, the price is likely to continue an upward movement at least to 0.8078.