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

According to the chart of M5, NZDUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5937, the lower border is 0.5930. The signal means that a long position should be opened above the upper border 0.5937 of the Bullish Rectangle.

According to the chart of M15, EURUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.1718 - 0.0000 and support 1.1695 – 1.1695. In case the resistance level 1.1695 - 1.1695 is broken, the instrument is likely to follow the bearish trend.

The Bullish pennant signal – Trading instrument #AAPL M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 298.01, with the prospect of the next move being a projection of the flagpole height.

According to the chart of M15, #INTC formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 115.00 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -961 pips.

According to the chart of M15, GBPUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.3484 while the median line of the Neck is set at 1.3509/1.3519. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of GBPUSD will go towards 1.3542.