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

The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 1.8797; the resistance level 1.8814; the width of the pattern 17 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.

According to the chart of H1, USDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.3821, the lower border is 1.3794. The signal means that a long position should be opened above the upper border 1.3821 of the Bullish Rectangle.

The Double Bottom pattern has been formed on GOLD M15. Characteristics: the support level 4522.45; the resistance level 4535.74; the width of the pattern 1329 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 1449 points.

According to the chart of M30, AUDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 113.69 – 113.69 and upper border 113.87 – 113.87. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Bullish pennant pattern is formed on the AUDCAD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.9899, a further uptrend is possible.