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

According to the chart of M5, GBPAUD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.8779, the lower border is 1.8771. The signal means that a short position should be opened after fixing a price below the lower border 1.8771 of the Bearish Rectangle.

According to the chart of M5, USDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 156.52, the lower border is 156.36. The signal means that a long position should be opened above the upper border 156.52 of the Bullish Rectangle.

The Double Top reversal pattern has been formed on USDCAD M5. Characteristics: the upper boundary 1.3640; the lower boundary 1.3635; the width of the pattern is 5 points. Sell trades are better to be opened below the lower boundary 1.3635 with a possible movements towards the 1.3620 level.

The Triple Top pattern has formed on the chart of the GBPJPY M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 5, support level -7, and pattern’s width 41. Forecast If the price breaks through the support level 212.33, it is likely to move further down to 212.49.

The Triple Top pattern has formed on the chart of the EURCAD M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.5991/1.6012 with the upper limit 1.6032/1.6032; the projection of the width is 41 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 1.5991, the price is most likely to continue the downward movement.