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

According to the chart of D1, GBPAUD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.8755 – 1.8755 and upper border 1.8986 – 1.8986. In case the upper border is broken, the instrument is likely to follow the upward trend.

On the chart of the NZDCAD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.8415, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 17 points.

The Triple Bottom pattern has formed on the chart of the GOLD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1820.13/1818.63.

On the chart of NZDCHF H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6164; the lower boundary 0.6137; the width of the pattern 27 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.6097 level.

The Double Bottom pattern has been formed on GOLD M5; the upper boundary is 1820.13; the lower boundary is 1814.59. The width of the pattern is 495 points. In case of a break of the upper boundary 1820.13, 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.